Seongnam-si Implements Price Stabilization Measures for Chuseok

Seongnam City Hall

[Asia Economy (Seongnam) = Reporter Lee Young-gyu] Seongnam City in Gyeonggi Province will implement the 'Chuseok Holiday Price Stabilization Measures' from the 6th to the 22nd of this month.

Seongnam City announced on the 3rd that it will monitor the price trends of 17 agricultural, livestock, and marine products including apples, pears, chicken, croaker, and pollock, and post the price information twice a week on the Seongnam City website so that citizens can compare prices of essential goods when shopping.

To this end, the city will dispatch 51 price monitors to 14 locations such as department stores and traditional markets within the region to conduct price surveys. Additionally, to monitor unfair trade practices, three inspection teams consisting of 14 members from consumer organizations will be formed.

Furthermore, the city will inspect 11 traditional markets and large retail stores for violations such as failure to comply with price display regulations, overcharging beyond displayed prices, hoarding, and collusion. If unfair trade practices are detected, the city plans to take measures such as on-site correction, imposing fines, and notifying the Fair Trade Commission depending on the case.

Along with this, during the Chuseok holiday period, the city plans to urge business workers and users to follow preventive measures such as wearing masks to prevent the resurgence of COVID-19.

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