"Know-How Needed Even for Business Closure"... Gangnam District to Hold Practical Lecture for Small Business Owners on June 11

Know-How on Key Money Transfer Strategies and More Revealed

Gangnam District in Seoul will hold a "Practical Know-How Lecture on Business Closure" on June 11 from 2:00 p.m. to 7:00 p.m. at the main auditorium on the 7th floor of Nonhyeon 2 Cultural Center to support small business owners facing the risk of closure.

Gangnam District Office exterior. Provided by Gangnam District Office.

This special lecture, organized by the Gangnam District Chamber of Commerce, is aimed at approximately 250 participants, including self-employed individuals, prospective entrepreneurs, and small business owners considering closure. The session will cover practical information such as strategies for transferring or acquiring key money, the process of reporting business closure, and dismantling procedures. The event is designed to help small business owners at risk of closure exit their businesses without losses and successfully transition to new industries.

The lecturer, Jung Wongon, CEO of Muchon Co., Ltd., is a young entrepreneur who started his business at the Gangnam District Startup and Employment Hub Center and achieved annual sales of 8 billion KRW as of 2024. He will share vivid know-how based on his real-life experience. All attendees will receive a free copy of "Kwonli Map," a key money analysis report developed by the lecturer himself. Those interested can apply for participation through the event/education menu on the Gangnam District Chamber of Commerce website.

Gangnam District Mayor Cho Sungmyung stated, "This special lecture is an opportunity to provide practical assistance to small business owners seeking hope even in the crisis of business closure," and added, "We will continue to expand various practical education programs to support small business owners in industry transition and business recovery."