Busan is good

Busan Metropolitan City, KB Kookmin Bank, and the Win-Win Growth Committee Sign Partnership Agreement to Support Co-Growth with Young Small Business Owners in Busan

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Busan Metropolitan City (Mayor Park Heong-joon) announced that it signed a co-growth agreement yesterday (19th) at 2:20 p.m. with KB Kookmin Bank and the Win-Win Growth Committee at the City Hall International Protocol Room to support co-growth with young small business owners in the Busan region.

At the signing ceremony, Kim Bong-cheol, Assistant Mayor of the Digital Economy Office, Lee Jun-ho, Executive Director of the Mobile Business Division of KB Kookmin Bank, and Jegal Hyeon-sil, Director of the Co-Growth Support Department at the Win-Win Growth Committee, attended the event and shared their commitment to establishing a cooperative framework to strengthen the digital capabilities of young small business owners in Busan.

This agreement aims to support the enhancement of digital capabilities for young small business owners located in population-declining areas and population-decline-concern areas in Busan, thereby promoting a co-growth culture.
※ Population-declining areas (3): Dong-gu, Seo-gu, Yeongdo-gu / Population-decline-concern areas (2): Jung-gu, Geumjeong-gu

Under this agreement, ▲ the city will provide policy and administrative support for implementing collaborative initiatives, ▲ KB Kookmin Bank will contribute to the Win-Win Cooperation Fund for operating the initiatives, and ▲ the Win-Win Growth Committee will take on responsibilities such as operating the cooperation council and managing the fund.

In particular, this initiative is being promoted as KB Kookmin Bank contributed 100 million KRW to the Win-Win Cooperation Fund to help alleviate difficulties faced by local small business owners and to promote co-growth across the region, and as Busan Metropolitan City was selected as a partner local government.

Through this agreement, the city plans to support the introduction of smart devices—such as unmanned kiosks—for young small business owners in population-declining and population-decline-concern areas, thereby easing the financial burden of small-scale young entrepreneurs and improving their business environment.

Kim Bong-cheol, Assistant Mayor of the Digital Economy Office, stated, “We hope that cooperation between the public and private sectors in promoting support projects for young small business owners will serve as an opportunity to discover exemplary policies for revitalizing the economy in population-declining areas,” adding, “We will continue building sustainable co-growth models to expand the culture of cooperation with young small business owners.”