Gyeonggi Credit Guarantee Foundation Signs 'Business Agreement' with Gyeonggi Commercial Promotion Agency to Support Local Markets

[Asia Economy (Suwon) = Reporter Lee Young-gyu] The Gyeonggi Credit Guarantee Foundation has joined hands with the Gyeonggi Market and Commercial District Promotion Agency to support neighborhood commercial districts facing crisis due to the impact of the novel coronavirus.

On the 5th, Gyeonggi Credit Guarantee Foundation announced that it signed a business agreement with the Gyeonggi Market and Commercial District Promotion Agency at the Gyeonggi Credit Guarantee Foundation conference room in Gwanggyo Technovalley, Yeongtong, Suwon, to prevent the decline of neighborhood commercial districts and strengthen the competitiveness of small business owners.

According to the agreement, the two organizations will collaborate on ▲establishing joint support measures for small business owners to overcome the crisis caused by the spread of the novel coronavirus ▲building an organic cooperation system for support and education projects for small business owners ▲and activating active information sharing and exchange activities to promote cooperative projects.

Lee Min-woo, Chairman of Gyeonggi Credit Guarantee Foundation, said, "This business agreement with the Gyeonggi Market and Commercial District Promotion Agency was promoted to minimize the economic damage to small business owners in the province caused by the spread of the novel coronavirus infection," adding, "As specialized institutions supporting the economy of small business owners in the province, we expect great synergy effects in supporting small business owners through this agreement."

He also added, "Gyeonggi Credit Guarantee Foundation played a significant role in overcoming the economic crisis in the province during the MERS outbreak," and "This time as well, we will do our best to ensure no negligence in supporting neighborhood commercial districts by joining forces with the Gyeonggi Market and Commercial District Promotion Agency."

Im Jin, Director of the Gyeonggi Market and Commercial District Promotion Agency, emphasized, "Recently, traditional markets and neighborhood commercial districts in the province have rapidly shrunk due to the spread of the novel coronavirus infection and the resulting loss of customers," and said, "Through cooperation with Gyeonggi Credit Guarantee Foundation, we will devise various support methods for small business owners in traditional markets and neighborhood commercial districts."

This content was produced with the assistance of AI translation services.