Sogin-gong and Kwon-ik-wi Sign Business Agreement for Win-Win Development of Small Business Owners and Traditional Markets

The Small Enterprise and Market Service signed a mutual cooperation agreement with four traditional markets, their respective local governments, and the Anti-Corruption and Civil Rights Commission to revitalize traditional markets and resolve difficulties faced by small business owners.
[Photo by Sojingong]

[Asia Economy Reporter Kim Jong-hwa] The Small Enterprise and Market Service (SEMAS) announced on the 18th that it has signed a mutual cooperation agreement with four traditional markets, their respective local governments, and the Anti-Corruption and Civil Rights Commission (ACRC) to revitalize traditional markets and resolve difficulties faced by small business owners.

Due to the nationwide strengthening of social distancing measures amid the spread of the novel coronavirus disease (COVID-19), this agreement will be conducted via non-face-to-face video conference. The four markets involved are Pohang Jukdo Market, Iksan Jungang Maeil Seodong Market, Suncheon Araetjang, and Seocheon Specialized Market.

This win-win agreement was established to build cooperative relationships among related organizations to actively resolve complaints from small business owners caused by changes in the business environment, regional economic downturn, and the prolonged COVID-19 pandemic. SEMAS plans to closely cooperate with local governments to ensure that regional characteristics and uniqueness are actively reflected in future support for traditional markets, and will regularly monitor any difficulties encountered during implementation.

Traditional markets will focus on honest labeling of product origin and prices, hygienic storage management, and courteous service to enhance customer trust. The ACRC will continuously listen to difficulties during the process and concentrate on facilitating mutual communication and resolving conflicts among the parties involved.

Cho Bong-hwan, Director of SEMAS, stated, "This agreement was made to actively resolve the management difficulties and hardships of small business owners during these challenging times through close public-private cooperation. We will continue to improve the difficulties faced by traditional markets, which have been depressed due to the spread of COVID-19, and support traditional markets to focus more on regaining customer trust together with the ACRC."

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