Paju City Mobilizes for Price Stabilization... Launches 'Eradicate Unfair Practices' Campaign

Paju City in Gyeonggi Province conducted a "Campaign to Eradicate Unfair Practices and Stabilize Prices" on April 22 at Geumchon Traditional Market and Munhwa-ro Market area, organized by the Emergency Economic Headquarters' Livelihood Price Stabilization Team.

Paju City conducted the 'Campaign to Eradicate Unfair Practices and Stabilize Prices' on the 22nd, led by the Emergency Economic Headquarters’ Consumer Price Stabilization Team, throughout Geumchon Traditional Market and Munhwaro Market. Provided by Paju City

This promotional activity (campaign) was launched to address economic uncertainty and inflationary pressures resulting from the Middle East war and to establish a sound order of commercial transactions in traditional markets and densely populated shopping districts.

On that day, more than 20 members of the Livelihood Price Stabilization Team, including Lee Igu, Head of the Livelihood Economy Division, participated in intensive promotional activities targeting merchants and citizens. The participants toured the market area, providing guidance on compliance with the price labeling system, implementation of country-of-origin labeling, refraining from excessive price hikes, eradicating unfair trading practices such as collusion, and promoting the use of Good Price Stores and Paju Pay.

Chun Yu-kyung, Director General of the Livelihood Economy Bureau and head of the Economic Stability Response Team at the Emergency Economic Headquarters, stated, "As the burden of perceived prices on ordinary people continues to increase due to the Middle East war, we will closely monitor the price trends of daily necessities and respond firmly to price collusion or unfair practices in cooperation with relevant agencies. The voluntary participation and cooperation of merchants and citizens are the greatest strengths for price stabilization."

Meanwhile, Paju City, with the Emergency Economic Headquarters at its center, is operating sector-specific response systems for fiscal stability, economic stability, welfare stability, livelihood stability, and agricultural and livestock stability. Moving forward, the city plans to concentrate its administrative resources on stabilizing the local economy by continuing on-site inspections and promotional activities (campaigns) focusing on traditional markets and neighborhood commercial districts.

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