Ministry of SMEs and Startups Selects Locations for 'Korea Together Sale'

Park Young-sun, Minister of SMEs and Startups

[Asia Economy Reporter Kim Daeseop] The Ministry of SMEs and Startups announced on the 6th that it will begin selecting locations for the 'Korea Together Sale' and recruiting participating companies to boost domestic demand.

This year's Korea Together Sale is a project reflected in the supplementary budget to revitalize consumer sentiment, which has been depressed due to the novel coronavirus disease (COVID-19), and to support sales channels for affected small and medium-sized enterprises (SMEs) and small business owners.

The Ministry plans to conduct the event through regional touring on-site events, special online and offline sales exhibitions, and a domestic demand revitalization campaign to overcome the COVID-19 crisis.

First, proposals will be accepted from 17 metropolitan cities and provinces, and after consultation with a private advisory group, a final selection committee will choose a total of four local governments. In cooperation with the selected local governments, special sales exhibitions for SME and small business products, as well as various food and entertainment events, will be held.

The Ministry will also accept applications from SMEs and small business owners, including companies registered on the Gachisapda platform and Brand K companies, and plans to select around 700 companies. The Gachisapda platform is a V-commerce platform that provides product promotion, sales, and payment functions online when small business owners register their products and promotional videos.

The application period for the Korea Together Sale location selection and participating company recruitment is from the 7th to the 21st.

Minister Park Young-sun of the Ministry of SMEs and Startups emphasized, "The strongest power to overcome COVID-19 is coexistence and mutual growth." Minister Park said, "The Korea Together Sale will be a turning point to boost domestic demand in our economy," and requested that local governments, SMEs, small business owners, and the public all participate in this event.

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