Yeosu City Expands Designation of 'Good Price Businesses' to Stabilize Prices

Plan to Increase from 84 to 110 Locations... 'Eobuba' Box Delivered with Yeosu Jeil Credit Union on the 29th of Last Month

[Yeosu=Asia Economy Honam Reporting Headquarters Reporter Choi Cheol-hoon] Jeonnam Yeosu City (Mayor Jeong Gi-myeong) recently announced plans to expand the designation of ‘Good Price Stores’ to stably manage the rapidly rising local prices.

The city plans to increase the number of currently operating ‘Good Price Stores’ from 84 to 110 and strengthen competitiveness by providing various incentives.

‘Good Price Stores’ are selected based on a comprehensive evaluation of price, hygiene and cleanliness, quality service, and public interest.

‘Good Price Stores’ receive support such as ▲supplies including equipment, materials, and consumables ▲display of the Good Price Store icon when registering as a Ssingssing Yeosu Meokkebi franchise store ▲additional points and priority in the support project for standing tables ▲promotion through Yeosu Mat and Yeosu-ya apps.

Support is also provided from the private sector.

Yeosu City and Yeosu Jeil Credit Union (Chairman Kim Seong-su) have been delivering ‘Eobuba’ boxes containing necessary items for store operation such as rubber gloves, zipper bags, and kitchen detergent to Good Price Stores since the 29th of last month.

Meanwhile, as the consumer price index recently exceeded a 5% increase, the city plans to launch full-scale activities to stabilize local prices.

They will conduct joint public-private price stabilization meetings, price stabilization campaigns with consumer organizations, expand Good Price Stores, and provide support to encourage sound consumption and sales.

Additionally, the city will select and operate 10 price monitoring personnel to closely monitor trends in local price increases.

A city official said, “We will expand Good Price Stores and strengthen support and promotion to stabilize local prices,” adding, “We plan to create a voluntary price stabilization atmosphere with the participation of all citizens.”

Yeosu=Asia Economy Honam Reporting Headquarters Reporter Choi Cheol-hoon hss79@asiae.co.kr

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