Korea Technology Finance Corporation Selected as Best Institution for Revitalizing Traditional Markets

The headquarters of the Korea Technology Finance Corporation located in Busan.
[Photo by Korea Technology Finance Corporation]

[Asia Economy Reporter Junhyung Lee] The Korea Technology Finance Corporation announced on the 24th that it was selected as an institution that contributed to revitalizing traditional market consumption at the '2021 Traditional Market Revitalization Excellent Activity Case Contest' hosted by the Small Enterprise and Market Service, and received the Minister of SMEs and Startups Award, the highest prize.

This contest was conducted targeting 348 public institutions to discover excellent cases for revitalizing traditional markets, which have been stagnant due to the prolonged COVID-19 pandemic, and to provide benchmarking opportunities for other public institutions. Three institutions, including Korea Technology Finance Corporation, received the highest award.

To save traditional markets, Korea Technology Finance Corporation signed a sisterhood agreement with Cheoltuk Market, a small traditional market in the Busan area. In addition, various activities were carried out to revitalize traditional markets, including ▲employees visiting Cheoltuk Market at least once a month to shop using Onnuri gift certificates ▲purchasing agricultural, marine, and livestock products at Cheoltuk Market and donating them to social welfare facilities in the Busan area ▲delivering COVID-19 quarantine supplies such as masks, disinfectants, and sanitizers.

Kim Youngchun, director of Korea Technology Finance Corporation, said, “We are grateful that our efforts to save traditional markets have been recognized during the difficult situation caused by the prolonged COVID-19 pandemic,” and added, “We will continue to make efforts to revitalize traditional markets.”

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