11st, Small Business Win-Win Project... "Expanding Sales Channels for Over 2,800 Companies"

Success Cases Including Triple Increase in Transaction Volume

11th Street Small and Medium Business Distribution Center Special Exhibition. (Photo by 11th Street)

[Asia Economy Reporter Lim Chun-han] 11st announced on the 18th that it helped expand sales channels for about 2,800 small business operators this year through the '2022 Small Business Online Shopping Mall Entry Support Project' conducted with the Small and Medium Business Distribution Center. As a result, some sellers saw their transaction volume nearly triple this year.

Since 2020, 11st and the Small and Medium Business Distribution Center have maintained close cooperation to revitalize sales of excellent small and medium enterprises and small business products, and to support sellers struggling with consecutive adversities such as COVID-19 and flood damage.

For example, the fresh food brand Cheongnyeon-ui Dori (Dori Market) saw its transaction volume grow about threefold from approximately 77 million KRW in September to 210 million KRW in October. In the case of the meal kit manufacturer Hojae FS's brand Appa Sikdang, the cumulative transaction volume from September to October more than doubled compared to last year.

An official from 11st said, “We have many customer contact channels such as various monthly events and live broadcasts, providing continuous opportunities suitable for small business brands that need customer exposure. We will continue to carry out win-win projects with the government and local governments to find ways to introduce high-quality domestic small business products to customers.”

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