Ministry of SMEs and Startups Holds Preliminary Exhibition for 'Small Business Flagship Store'

[Asia Economy Reporter Junhyung Lee] The Ministry of SMEs and Startups announced on the 12th that it will operate a preliminary online special exhibition for the 'Small Business Flagship Store' in collaboration with the Small and Medium Business Distribution Center, Interpark, and Backpacker.

The Small Business Flagship Store was established to assist small business owners in their digital transformation. According to the Ministry, although the online market has rapidly changed due to COVID-19, there were limitations in digital utilization by small business owners due to sales commissions and other factors. Accordingly, the Ministry is piloting an online-offline linked store for small business owners for the first time this year in cooperation with the private sector. In this preliminary exhibition, sales commissions will be significantly reduced.

Private operators such as Backpacker and Interpark will sequentially open flagship stores in areas such as Insadong, Hongdae, and Hannam-dong in Seoul starting next month. The Ministry plans to provide linked support for online capability training, consulting, and live commerce for small business owners based on a private-sector-led win-win cooperation program.

Lee Hanyeong, Director of the Online Economy Promotion Division at the Ministry, said, "We will make the Small Business Flagship Store, created through government and private cooperation, a premium store where excellent products can be easily experienced and purchased," adding, "We will also develop it as a win-win model that leads industry interest and participation in the digital transformation of small business owners."

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