Gangdong-gu (Mayor Lee Jung-hun) will hold the opening ceremony for the “Youth Art House (branch #6)” and the “Seongnae Challenge House (branch #7)” on Mon., Dec. 7 and Thurs., Dec. 10, respectively, that were built for young artists and young (future) entrepreneurs.

The opening ceremonies are meaningful in that they were prepared together with the youths who will be taking up residency. The ceremony will welcome the new residents by introducing the experiences of the young artists and the new startup ideas of the young entrepreneurs. The ceremonies will be held in full observance of the social distancing and disinfection/prevention measures regarding the COVID-19 pandemic.

The houses for young entrepreneurs in Gangdong-gu is public rental housing that allows residents to live and work in the same area and is the result of cooperation between Gangdong-gu and the Seoul Housing & Communities Corporation. A total of seven branches with 139 rooms were completed in various areas within Gangdong-gu (Gil-dong, Sangil-dong, Seongnae-dong, Amsa-dong, Cheonho-dong).

Youths who are active in various fields, such as the 4th Industrial Revolution, leather art, YouTube, culture and arts, and general startups, reside at the houses. A synergy effect through the creation of a consensus and collaborations among youths in similar fields is anticipated through this project.

The sizes of the two new youth startup houses are 30-38㎡ with a security deposit between KRW 19.71-41.25 million and a monthly rent between KRW 256,700-592,300. The rental costs differ depending on the income and room number.

Residents of the Gangdong-gu youth startup houses are young artists or young (future) entrepreneurs between the ages of 19-39 who currently reside in the Seoul metropolitan area and do not own houses. Each room can be used by up to two individuals. Applicants must also pass the criteria for income and property, having made less than 70% of the standard monthly income in the city as of last year, with the standard for a one-person household income at less than KRW 1,851,603 and a two-person household income at less than KRW 3,065,866.

A notice for additional applications for extra rooms will be announced in January 2021, and more information can be found on the websites of Gangdong-gu Office and Seoul Housing & Communities Corporation. Other inquiries can be made to the Social Economy Division of the Gangdong-gu Office (☎+82-2-3425-5065). 

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  The new Seongnae Challenge House