13 Gyeonggi Province Enterprises Selected as Village Enterprises by Ministry of the Interior and Safety

{Suwon Ilbo=Reporter Park No-hun] Gyeonggi Province announced on the 3rd that 13 enterprises in Gyeonggi Province were selected as village enterprises designated by the Ministry of the Interior and Safety for the second half of this year.

The evaluation was conducted in three categories: new enterprises (1st year), re-designated enterprises (2nd year), and advancement enterprises (3rd year). All 3 new enterprises, 8 re-designated enterprises, and 2 advancement enterprises recommended by Gyeonggi Province were selected.

A 'village enterprise' is a community-level business where local residents utilize regional resources to generate profitable operations and realize community benefits including resolving local issues, creating income, and generating jobs through the proceeds. It must meet the four key requirements of ▲community-oriented nature ▲public interest ▲business viability ▲regional character.

Upon designation as a village enterprise, 'new village enterprises' receive up to 50 million won in project funds, 're-designated village enterprises' receive 30 million won, and 'advancement village enterprises' receive 20 million won respectively. Selected enterprises can receive various management support services provided by Gyeonggi Province, including consulting, sales channel assistance, and promotional activities.

In Gyeonggi Province, a total of 245 (prospective) village enterprises are currently operating, including 200 village enterprises and 45 prospective village enterprises.