Deputy Prime Minister and Minister of Economy and Finance Lee Hyung-il emphasized on November 6 that while the recovery of exports and improvement in investment are laying the groundwork for economic recovery, it is crucial for the warmth of growth to reach local businesses and everyday life.
During his visit to the 'Happy Inventory Discount Event' at the Happy Department Store in Mokdong, Seoul, alongside Lee Byung-kwon, the Second Vice Minister of the Ministry of SMEs and Startups, he made these remarks.
This visit is part of the Korea Grand Festival, a large-scale consumer festival running from October 29 to November 15. In its second year, the festival features participation from over 40,000 private companies, including large corporations, SMEs, and small business owners.
The Happy Department Store was established as a cooperative policy store to support small and medium-sized enterprises and small business owners who struggle to find sales channels despite having quality products. The Happy Inventory Discount Event, held during the festival, aims to provide discounted products to consumers while helping SMEs and small businesses reduce inventory and expand sales.
During his visit, the Deputy Prime Minister toured the store, examining planned and inventory products such as clothing and household goods, and listened to feedback from participating SMEs and visiting citizens.
He expressed hope that consumer spending, which can provide strong support to SMEs and small businesses like the 'Happy Inventory Discount Event,' will spread nationwide. He added, 'The valuable steps and spending of each citizen are the greatest driving force that energizes the South Korean economy,' urging the public to visit various Korea Grand Festival venues taking place across the country.
* This article has been translated by AI.
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