Osan City in Gyeonggi Province announced on November 27 that it has newly designated six 'Good Price Businesses' to help stabilize local prices and establish a sound pricing system. With this designation, the total number of Good Price Businesses in the city has increased to 37.

Certification plaque attached to 'Good Price Store' by Osan City. Provided by Osan City

Certification plaque attached to 'Good Price Store' by Osan City. Provided by Osan City

View original image

The Good Price Business system is operated to help stabilize the lives of ordinary citizens and alleviate economic burdens during periods of rising consumer prices. Businesses closely related to citizens' daily lives, such as restaurants and beauty salons, are eligible for designation.


Businesses can be designated either through applications by owners or recommendations from citizens. Newly designated businesses are provided with a 'Good Price Business' certification plaque, as well as incentives worth approximately 800,000 won, including volume-based waste bags and customized items tailored to the characteristics of each business type.


The current list of Good Price Businesses can be found on the Osan City Hall website or the Ministry of the Interior and Safety's Good Price Business website.



An official from Osan City stated, "We ask for your interest in and use of Good Price Businesses, which help ease the burden on citizens by offering reasonable prices even in times of high inflation. We will continue to provide effective support to stabilize prices and revitalize the local economy."


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

© The Asia Business Daily(www.asiae.co.kr). All rights reserved.

Today’s Briefing