Gyeonggi-do Expands Affordable Businesses from '1,410 to 2,086' Locations

Gyeonggi Province is expanding the number of ‘Good Price Businesses’ from 1,410 to 2,086 to stabilize prices.

Good Price Businesses were introduced in 2011 according to the Ministry of the Interior and Safety’s ‘Guidelines for Designation and Management of Good Price Businesses.’ These businesses meet certain standards in price, quality, and hygiene in personal service sectors closely related to residents’ daily lives, such as dining, beauty and hairdressing, and laundry, with the aim of stabilizing consumer prices.

Designation is made by the city or county after the business owner applies and is evaluated. Designated businesses receive a plaque and incentives such as consumables to improve customer convenience and hygiene levels.

Dongnam Laundry, designated as a Good Price Store in Gyeonggi-do. Provided by Gyeonggi-do

As of the end of last year, there were 1,410 Good Price Businesses in the province: 1,087 in dining, 225 in beauty and hairdressing, 32 in laundry, and 66 in other sectors such as bathing.

Lee Moon-gyo, Director of the Fair Economy Division of Gyeonggi Province, said, "We hope that expanding the designation of Good Price Businesses will revitalize the local economy and achieve price stability that residents can feel." He added, "We will continue to work with cities and counties to increase the number of designated businesses."

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