"Let's Prepay for Consumer Goods" Hwang Hee Proposes 'Good Consumer' Campaign

[Image source=Yonhap News]

[Asia Economy Reporter Shinwon Yoon] Hwang Hee, a member of the Democratic Party of Korea, proposed prepaying essential consumer goods to support small business owners who have been hit hard by the COVID-19 pandemic.

Hwang recently posted on his Facebook, saying, "The damage to small business owners caused by COVID-19 is beyond imagination. By April, the first quarter VAT must be paid, which is not easy," and added, "If even a small amount is prepaid to self-employed and small business operators such as hair salons, coffee shops, marts, laundries, and traditional markets, it would provide a small hope for small business owners to endure."

This is a so-called "Good Consumer" campaign following the "Good Landlord" campaign, where landlords voluntarily reduce rent. The purpose is to help small business owners by having individuals pay in advance for goods they usually consume.

Hwang explained, "During Korea's most difficult times, such as the International Monetary Fund (IMF) crisis, the gold collection campaign, the West Sea oil spill, MERS and SARS outbreaks, and the Gangwon Province wildfires, the people have always supported each other," and added, "I am confident that the Good Consumer movement will spread widely, become a source of hope for small business owners, and that this hope will become a driving force to revive the economy."

He requested the government to "open the doors wide for loans to small business owners and SMEs in the form of government-backed guarantees."

Finally, he emphasized, "We must revive our economy, which has worsened due to COVID-19," and said, "All citizens must unite on the 'economic Ground Zero' collapsed by COVID-19 to rebuild and restore the economy."

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