– GUIC and Seongnam City signs house renovation assistance project cooperation agreement

Gyeonggi Urban Innovation Corporation has entered into a business agreement with Seongnam City on June 17, at Seongnam City Hall, for renovation support project of lesser-income households located in ‘customized urban regeneration area district’ in Dandae-dong, Seongnam City.

Sungkwon Park, head of Urban Regeneration Headquarters of Gyeonggi Urban Innovation Corporation and Gibo Shim, deputy mayor of Seongnam City were present at the signing ceremony. Through this agreement, both organizations will make close cooperation in selection of recipients for the house renovation support project, work together in providing the funds and cooperate in other areas.

Customized urban regeneration area district house renovation support project was created through amalgamation of resident-led regeneration project called ‘customized regeneration project’ and household welfare project called ‘customized welfare town project’. Gyeonggi Urban Innovation Corporation will be supporting KRW 100 million in helping to renovate dilapidated houses owned by lower-income families.

Sungkwon Park, head of Urban Regeneration Headquarters of Gyeonggi Urban Innovation Corporation said, “we hope that the lower-income families will be encouraged and empowered through these renovations of their houses” and added that, “the Corporation will continue its efforts to assist regeneration of urban areas and to lend a hand to those in need in local communities”.

Gyeonggi Urban Innovation Corporation begun its house renovation support project in 2014 starting with renovation of 31 homes located in Moraetgol-maeul in Siheung City. In May 2015, the Corporation has supported Anjeong 2,8-ri in Pyeongtaek and in June 2015, the Corporation supported Maesan-dong in Suwon, providing KRW 100 million to both neighborhoods.

Attachment: Picture of the agreement signing ceremony 1 copy.  End.