AK Plaza Participates in the 'Korea Together Sale'
[Asia Economy Reporter Seungjin Lee] AK Plaza announced on the 5th that it will participate in the ‘Korea Together Sale’ along with major domestic department stores.
The ‘Korea Together Sale’ is a nationwide event jointly conducted by the public and private sectors to help the distribution and fashion industries, which are facing difficulties due to the novel coronavirus disease (COVID-19), to reduce inventory. The event will be held for two weeks from June 26 to July 12.
On the 4th, the Korea Chamber of Commerce and Industry held a win-win agreement ceremony for a successful ‘Together Sale’ under the supervision of the Fair Trade Commission. Representatives from 14 distribution companies belonging to the Department Store Association, Chain Store Association, and Online Shopping Association, as well as representatives from 9 supplier companies belonging to the Fashion Industry Association and Fashion Design Association, participated together.
The main contents of the win-win agreement include compliance with guidelines to overcome the COVID-19 crisis and prevention of unfair practices, along with specific measures such as temporary reduction of sales commissions in the distribution industry and early payment of sales proceeds.
In accordance with the win-win agreement for the Together Sale, AK Plaza plans to make early payments of approximately 5 billion KRW in product payments to small and medium-sized partner companies at each branch, including Bundang and Suwon.
Additionally, during the Together Sale period, large-scale promotional events will be held at each branch to help small and medium-sized partner companies reduce inventory. AK Plaza will actively participate in win-win cooperation, including holding the ‘Jeollanam-do Excellent Agricultural and Specialty Products Exhibition’ together with the Small and Medium Business Distribution Center.
Hot Picks Today
Taking Annual Leave and Adding "Strike" to Profiles, "It Feels Like Samsung Has Collapsed"... Unsettled Internal Atmosphere
- There Is a Distinct Age When Physical Abilities Decline Rapidly... From What Age Do Strength and Endurance Drop?
- Debris from Attack on Namu Arrives in Korea: "Detailed Analysis by Specialized Agencies Planned"
- "After Vowing to Become No. 1 Globally, Sudden Policy Brake Puts Companies’ Massive Investments at Risk"
- On Teacher's Day, a Student's Gifted Cake Had to Be Cut into 32 Pieces... Why?
An AK Plaza official stated, “During the Together Sale period, we plan to conduct active marketing activities to provide customers with opportunities for reasonable consumption and to support partner companies,” adding, “We hope that distribution companies and partner companies will join forces to overcome the consumption slump caused by COVID-19.”
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
