Ministry of SMEs and Startups Announces Additional 366 Selections for Baeknyeon Gage and Baeknyeon Sogongin

Jinmi Myeongga Restaurant in Jeju, newly selected as a Baeknyeon Gage.
[Photo by Ministry of SMEs and Startups]

[Asia Economy Reporter Junhyung Lee] The Ministry of SMEs and Startups announced on the 26th that it has additionally selected 215 Baeknyeon Gage (Century-old Stores) and 151 Baeknyeon Sogongin (Century-old Artisans) to spread successful models of long-standing small business owners.

With this additional selection, the total number of Baeknyeon Gage nationwide has increased to 1,022, and Baeknyeon Sogongin to 564. Baeknyeon Gage refers to small business owners and SMEs that sustain and develop their businesses over a long period through management focused on continuous survival, such as specializing in one field. Baeknyeon Sogongin are excellent small business owners who continue sustainable management based on craftsmanship and skilled techniques.

Among the newly selected Baeknyeon Gage are ▲Cheonan Hakhwa Hodogwa (Walnut Cookie) ▲Jeju Jinmi Myeongga Restaurant ▲Jeonbuk Gunsan Binhaewon. Cheonan Hakhwa Hodogwa is a place that has been passed down from the grandmother Shim Boksun, the original developer of the walnut cookie, and continues to operate to this day. Jinmi Myeongga Restaurant, located in Seogwipo, Jeju, is run by CEO Kang Changgeon, a master of Jeju Dagumbari fish, who uses every part of the fish without waste to prepare dishes.

Iwon Brewery in Okcheon, Chungbuk, newly selected as a Century Small Artisan.
[Photo by Ministry of SMEs and Startups]

Among the newly selected Baeknyeon Sogongin are ▲Chungbuk Okcheon Iwon Brewery ▲Chungnam Gongju Daesin Textile ▲Gangwon Goseong Jeil Printing Shop. Daesin Textile in Gongju, Chungnam, has been passed down through four generations. Jeil Printing Shop in Goseong, Gangwon, started in 1966 as the first printing shop in Goseong County.

The Ministry of SMEs and Startups also supports live commerce to expand sales channels for Baeknyeon Gage. Together with E-Mart, the ministry will hold a Baeknyeon Gage product exhibition through SSG.com’s own live commerce platform 'SSG Live' at 8 p.m. on the 30th. Products such as Taegukdang Butter Cake and Jinmi Seasoned Chicken will be sold at discounts ranging from 24% to 44% during the live commerce event.

Park Chihyung, Director of Small Business Policy at the Ministry of SMEs and Startups, said, "In a situation where management difficulties have worsened due to COVID-19, it is most important for long-standing small business owners to continuously generate profits through their extensive experience and know-how," adding, "We will spare no policy support in the field of online non-face-to-face sales channel support."

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