Gyeongbuk Province Visits Andong Gu Market to Check on People's Livelihood Economy

Vice Governor Presides Over On-Site Meeting to Revitalize Livelihood Economy

Merchants' Association Requests Price Stability and Commercial District Renaissance Initiatives

Gyeongsangbuk-do Provincial Government.

[Asia Economy Yeongnam Reporting Headquarters Reporter Lee Seryeong] On the 11th, Gyeongbuk Province held an on-site meeting to revitalize the livelihood economy, presided over by Deputy Governor Ha Daeseong, at the old market with the attendance of Andong Deputy Mayor and local merchant association chairpersons.

The meeting was held to address the difficulties faced by small business owners and traditional market merchants and to create an opportunity for a major transformation of the livelihood economy.

Gyeongbuk Province listened to the grievances of traditional market merchants and small business owners and discussed measures to overcome the crisis and provide rapid recovery support for sectors relatively affected, such as street vendors within traditional markets.

The merchants requested stable management of public utility fees and living costs, resolution of local pending projects, and successful promotion of the Andong Commercial District Renaissance Project.

The Andong Commercial District Renaissance Project is a commercial district revitalization project that comprehensively develops and supports the commercial district to revitalize the deteriorated old downtown commercial area. It was selected as a project by the Ministry of SMEs and Startups last year, securing a budget of 9 billion KRW over five years.

On this day, the Andong merchant association leaders pledged to unite all merchants for the digital transformation of the commercial district, stating that traditional markets fell into a tremendous crisis due to the large-scale spread of COVID-19.

The province has promoted the revitalization of traditional markets and shopping districts through facility modernization projects, parking environment improvements, and fostering specialized markets. Going forward, it plans to focus on spreading digital traditional markets through customized merchant education and product discovery to respond to changes in the consumption environment.

Deputy Governor Ha Daeseong said, “Seeing merchants who are steadfastly enduring despite the difficult economic situation gives me hope,” and added, “We will strive to continue communicating with local merchants, so let us unite and overcome the current crisis.”

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