May 'Saebit Sale Festa Suwon' Achieves Great Success... 39% Sales Increase and 72% Reparticipation

The 'Saebit Sale Festa Suwon' event held by Suwon City last month

Last month, 4 out of 10 companies that participated in the Saebit Sale Festa (Sae·Se·Pe) event in Suwon, Gyeonggi Province, reported a significant increase in sales.

On the 5th, Suwon City announced that it conducted an online survey of 104 companies that participated in the Saebit Sale Festa from the 13th to the 17th of last month, and received such responses.

Among the companies that responded to this survey, 39% said their sales increased. 31% said sales were average, while 30% said sales did not increase.

The sales increase compared to the previous month was less than 10% for 84% of respondents, the largest group. Next, 9% reported an increase of 15% or more, and 7% reported an increase between 10% and 15%. Additionally, 50% of respondents said that the Sae·Se·Pe event led to increased customer inflow and sales.

72% of companies responded that they would participate again in future Sae·Se·Pe events, while 17% said they were neutral.

Earlier, Suwon City held the ‘3rd Saebit Sale Festa Suwon’ from May 1 to 10 to revitalize the economy and counteract reduced consumption due to high inflation.

This Sae·Se·Pe event saw participation from a total of 1,772 companies, which is 87% more than the 2nd event held last November. Companies voluntarily decided on discount items and rates, uniting their efforts to boost the local economy.

Suwon City closely cooperated with local residents and merchant associations to support a safe and smooth event, and the participation of nearby merchants and students added a festive atmosphere with a flea market and celebratory performances.

A Suwon City official said, "The survey results show that the Sae·Se·Pe event provided practical help to the local commercial district and that participating companies were highly satisfied. We will continue to promote the Sae·Se·Pe event in connection with the Korea Sale Festa in the second half of this year, striving to ensure that both small business owners and citizens feel economic vitality."

Meanwhile, on May 1, Suwon City became the first in the nation to declare the vision of a ‘Local Commercial District Protection City’ and is implementing policies to protect local commercial districts and invigorate the economy through three strategies: ‘Growth, Coexistence, and Support.’

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