Gyeonggi Province Holds Policy Consultation on the Food Service Industry with Bank of Korea Gyeonggi Headquarters on the 28th

On the 28th, Gyeonggi Province held a policy consultation meeting with the Bank of Korea Gyeonggi Headquarters under the theme of "Changes in the Profit Structure of the Food Service Industry and Support Measures," discussing practical solutions to help the food service industry overcome its current crisis.

This meeting was organized to discuss countermeasures for the declining profitability of the food service industry due to rising operating costs and changes in consumer culture, as well as to strengthen cooperation with related organizations.

The meeting was attended by Jeong Dooseok, Director General of Economy at Gyeonggi Province, Jang Jeongseok, Head of the Bank of Korea Gyeonggi Headquarters, Lee Jeonghee, Professor at Chung-Ang University, Kim Samhee, Director General of the Korea Food Service Industry Research Institute, Jeong Donggwan, Chairman of the Southern Gyeonggi Branch of the Korea Food Service Industry Association, and officials from the Gyeonggi Market Commercial District Promotion Agency, among other experts, who exchanged opinions.

The meeting began with a presentation of the Bank of Korea Gyeonggi Headquarters' research report titled "Changes in the Profit Structure of the Food Service Industry and Implications," followed by a discussion among food service industry experts. Various measures to improve profitability and reduce costs were proposed.

Gyeonggi Province held a policy consultation meeting with the Bank of Korea Gyeonggi Headquarters on the 28th. Provided by Gyeonggi Province

In particular, key solutions mentioned included streamlining the distribution of food ingredients, utilizing food technology, expanding the employment of foreign workers, and creating local demand for dining out. The participants reached a consensus that cooperation among the government, local governments, and those on the ground is necessary to overcome the structural crisis facing the food service industry.

Jeong Dooseok, Director General of Economy at Gyeonggi Province, stated, "The food service industry is a key sector that supports the daily lives of ordinary people and the local economy, but it is currently facing very difficult circumstances. Through this consultation, Gyeonggi Province and the Bank of Korea Gyeonggi Headquarters will review practical policies to help restore the livelihood economy."

Based on this discussion, Gyeonggi Province plans to strengthen its efforts to revitalize local commercial districts by reducing the management burden on the food service industry and small business owners, linking existing initiatives such as the "Gyeonggi Big Sale" event, the nation's first operating expense card for small business owners called "The HimnaeGO Card," and the operation of a "public delivery app" to reduce commission fees for small businesses.

The policy consultation meeting is being operated in accordance with the business agreement signed between Gyeonggi Province and the Bank of Korea Gyeonggi Headquarters in 2022.