To stimulate the street economy, 424 bike shops across the city will be in charge of repairing and maintaining public bikes at nearby parking stations. (image: Yonhap)
SEOUL, Oct. 11 (Korea Bizwire) — The Seoul Metropolitan Government plans to broaden its fleet of public bicycles from 20,000 to 40,000 by 2020.
To stimulate the street economy, 424 bike shops across the city will be in charge of repairing and maintaining public bikes at nearby parking stations.
The Seoul Housing and Communities Corporation (SH) plans to foster the growth of revitalization companies that will create profits using shared assets in local communities and reinvest the gains into local communities.
A total of 24 city institutions including the Seoul Metropolitan Facilities Management Corporation and Seoul Metro will participate in this innovative scheme.
Each institution introduced the plan’s basic framework at Sangam World Cup Stadium Hall on Wednesday, city officials said.
The plan deals with stimulating the street economy and promoting civic participation as part of Seoul Mayor Park Won-soon’s ‘10-year revolution’ initiative.
SH plans to provide 67,000 public rental homes by 2022, a step closer to achieving its goal of providing 240,000 homes in Seoul.
The company will carry out reconstruction projects for old public homes while extracting additional homes from underused facilities.
SH will also organize groups of civic stockholders to have more citizens participate in revitalization projects as well as housing welfare.
The Seoul Credit Guarantee Foundation plans to increase the ratio of supporting credit guarantees from 20 percent to 30 percent by 2022.
The foundation will strengthen its ‘three-NOs’ policy that allows customers to enjoy credit guarantees without having to visit the foundation, submit documents, or engage in face-to-face consultations.
The Seoul Business Agency, in collaboration with rapidly growing distribution platforms for ASEAN markets, plans to pave the way for smaller beauty and fashion companies to tap into external markets.
The Seoul 50 Plus Foundation plans to build social contribution models that will allow citizens over 50 years of age to support upcoming generations through various services such as childcare and employment support.
The Seoul Medical Center will begin the ‘Mom’s touch care project,’ where a group comprised of doctors, nutritionists, and social workers will be providing care services to single-person households recently discharged from the center who have no family members to rely on.
The center will also provide a pregnancy and birthing clinic for disabled women to help them go through pregnancy with the utmost ease and comfort.
The Sejong Center for the Performing Arts will create a ‘culture and arts street’ in the area around its central stairs connecting to Gwanghwamun Square.
Seoul Metro will implement smart train systems that collect and analyze cases of train failures in real time, using the data to detect failure indications, automatically syncing them with the list of available parts and logging them simultaneously.
The Seoul Institute selected balanced local development, childcare, pedestrian city, innovative growth, North-South cooperation and exchange, and fine dust as six major research topics to support Seoul’s governance.
Seoul Mayor Park Won-soon said, “Changing Seoul changes South Korea,” vowing to “create leading policies for the economy, citizens, social culture, and technological advancement.”
H. M. Kang (hmkang@koreabizwire.com)
