Gwangju Employers Federation and 809 Member Companies Join Efforts to Revitalize the Alley Economy

The Gwangju Employers Federation announced on June 9 that its 809 member companies will join efforts to revitalize the local alley economy and the livelihoods of ordinary citizens under the new government.

The alley economy, which plays a crucial role as the lifeblood of the regional economy, has been designated as a top priority by the new government. Various policies are being considered, including the issuance of local currency and regional gift certificates.

Accordingly, the Gwangju Employers Federation plans to implement the following measures: ▲ Actively participate in using traditional markets and neighborhood supermarkets when local currency or regional gift certificates are issued ▲ Do not raise rent for small business properties owned by member companies ▲ Prioritize using alley businesses near member companies for lunch and dinner gatherings ▲ Regularly check the websites of local small business support centers, the Ministry of SMEs and Startups, the Small Enterprise and Market Service, and each district office to share information with member companies.

Yang Jinseok, Chairman of the Gwangju Employers Federation, stated, "The new government's alley economy policy is built around three key concepts: fair competition, a self-reliant ecosystem, and strengthened direct support." He emphasized, "For local small and medium-sized enterprises and small business owners, this is an opportunity to make new choices and focus, with hope and courage. Active fiscal intervention is inevitable to overcome the current stagnation in domestic demand and slowdown in growth."

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