
AI-generated summary
'Moonlight Market', Seoul's night-time economy revitalization project, aims to increase tourist stays and consumption by expanding the vitality of downtown commercial districts to alley commercial districts. Six regions were selected this year and are planned to expand to 25 regions by 2028.
Seoul Credit Guarantee Foundation announced on the 5th that it signed a business agreement with Hana Bank, Npay, and Naver on the 1st to revitalize the nighttime commercial district in Sangbong Food Alley, Jungnang-gu.
The agreement aims to provide special guarantees worth a total of KRW 68.75 billion to small business owners located in commercial districts selected as 'Seoul Moonlight Market'.
Among businesses located in commercial areas selected by Moonlight Market, young entrepreneurs under the age of 39 among companies within 7 years of starting their business, and businesses that have installed 'Npay Connect' terminals, they can receive preferential guarantee limits.
To this end, Hana Bank decided to contribute 5 billion won, and Npay and Naver decided to contribute 500 million won.
Moonlight Night Market is Seoul City's night-time economy revitalization project to increase the stay and consumption of tourists by expanding the vitality of the commercial district concentrated in the city center to various alley commercial districts.
This year, six locations were selected, including Serosu-gil in Gangnam-gu, Sadang Orak Dalbit Yajang commercial area in Gwanak-gu, Konkuk University Taste Street in Gwangjin-gu, Changdong Station shopping street in Dobong-gu, Sadang 1-dong Food Alley in Dongjak-gu, and Sangbong Food Alley in Jungnang-gu, with plans to expand to 25 locations by 2028.
An official from the Seoul Metropolitan Government said, "Starting with this cooperation, we will support the stable management of small business owners, while also expanding local win-win support in connection with Seoul City's commercial district revitalization policy."
AI outlook — possibilities, not facts
The Seoul Metropolitan Government plans to expand the selection of Moonlight Night Markets to 25 by 2028.
Very likely · Within years

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