Donghae City Achieves Excellence Award for Price Stabilization in Gangwon Province for Second Consecutive Year

High Marks for Promoting Good Price Stores and Eradicating Overcharging

Donghae City in Gangwon Province has been selected as an outstanding institution in the "2025 City and County Price Stabilization Management Performance Evaluation" organized by the Gangwon Special Self-Governing Province. The city will receive an institutional commendation and a reward of 1 million won.

A panoramic view of Donghae City Hall. Provided by Donghae City

Gangwon Province evaluated the efforts of 18 cities and counties within the province to respond to soaring consumer prices. The evaluation covered five areas: price management system (15 points), public utility fee reduction and stabilization efforts (30 points), expansion and promotion of "Good Price Stores" (35 points), measures to eradicate overcharging (15 points), special initiatives and best practices (5 points), and additional or deducted items (±5 points), assessing a total of eight items and sixteen indicators.

Despite the unavoidable circumstances of having to raise water and sewage fees this year, Donghae City has made every effort to stabilize prices by mobilizing all available means, including expanding public-private cooperation. As a result, the city received high marks for achieving excellent results in all quantitative indicators except for the public utility fee increase category.

Additionally, Donghae City actively implemented differentiated policies compared to other cities and counties, such as establishing comprehensive measures for economic recovery in both the first and second halves of the year, issuing Donghae Pay worth 70 billion won to boost small business sales, providing a nationwide top-level cashback of up to 25%, operating a "Good Price Store Usage Day," offering an additional 5% incentive for Good Price Stores, and promoting measures to eradicate overcharging at local festivals. These efforts contributed to its selection as an outstanding institution.

Furthermore, following last year's Encouragement Award in the Gangwon Province city and county price stabilization management performance evaluation, Donghae City has now received the Excellence Award, achieving outstanding results in price stabilization evaluations for two consecutive years.

Im Seongbin, Head of the Economic Affairs Division, stated, "I would like to thank the relevant industries and citizens for actively participating in price stabilization despite the difficult economic conditions. Next year, we will continue to minimize public utility fee increases and make ongoing efforts to stabilize prices and revitalize the local economy."

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