South Korea’s Ministry of Economy and Finance reported on Deputy Prime Minister and Minister of Economy and Finance Lee Hyoung-il’s visit to a Korea Grand Festival discount event at Happy Department Store in Seoul. Lee emphasized the need for recovering exports and investment to benefit neighborhood businesses, highlighting sales events that help small and medium-sized enterprises and small merchants reach customers and clear inventories. The festival, now in its second year, runs from Oct. 29 to Nov. 15 and involves about 40,000 private businesses, ranging from large companies to small merchants. Happy Department Store was established to help smaller businesses struggling to secure sales channels. Its inventory discount event offers clothing and household goods, which Lee inspected while meeting participating businesses and shoppers.
South Korea’s Ministry of Economy and Finance highlights small business sales support at Korea Grand Festival
South Korea’s Ministry of Economy and Finance highlighted support for smaller businesses’ sales and inventory clearance during Deputy Prime Minister Lee Hyoung-il’s visit to a Seoul discount event. The event forms part of the Korea Grand Festival, which runs from Oct. 29 to Nov. 15 and involves about 40,000 private businesses.