Gangnam-gu and Shinhan Bank Sign Business Agreement to Operate 'Ttaenggyeoyo'... 2% Delivery Brokerage Fee

Relieving Small Business Burdens Through Coexistence-Based Delivery Apps

Gangnam-gu, Seoul (District Mayor Jo Seong-myeong) announced on the 22nd that it signed a business agreement with Shinhan Bank on the 21st at the district office to operate the public delivery app ‘Ttaenggyeoyo’.

Amid recent discussions among major delivery platforms to reduce the previously high intermediary fees as part of win-win measures, Gangnam-gu introduced Shinhan Bank’s public delivery app ‘Ttaenggyeoyo’ to drastically reduce the burden on small business owners.

Provided by Gangnam-gu.

The two organizations agreed to cooperate on a 2% delivery intermediary fee, realizing social win-win values, and discovering and providing services specialized for Gangnam-gu.

‘Ttaenggyeoyo’ offers the industry’s lowest commission rate of 2%, along with the so-called ‘three no (無) benefits’?no entry fees, no monthly usage fees, and no advertising costs. Additionally, consumers can use Gangnam Sarang Gift Certificates within the Ttaenggyeoyo app to enjoy discount benefits. Currently, about 3,000 restaurants in Gangnam-gu are registered as Ttaenggyeoyo franchise stores.

District Mayor Jo Seong-myeong said, “This agreement aims not only to provide delivery services but also to build a win-win platform that offers tangible economic benefits to both local small business owners and residents,” adding, “We will continue to implement various policies that reduce the economic burden on residents and revitalize the local economy.”