On the tenth, Jeollanam-do Governor Kim Young-rok visited Suncheon Central Shopping Center, the middle of the eastern region, listened to the difficulties faced by small business owners, and announced a comprehensive plan for the people’s livelihood price 118.5 billion won.
Nevertheless, together with criticism that such visits are repeated ‘ritual wartime administrations’, the necessity for practical economic revitalization measures is being raised once more.
On this present day, Governor Kim met with local small business owners and heard the difficulties of merchants affected by high inflation and slumping consumption.
Merchants complained of practical difficulties, saying, “Regardless that it’s the tip of the yr, sales have decreased sharply resulting from decreased consumption.” In response, Governor Kim promised, “We are going to do our greatest on the provincial level to stabilize the economy and other people’s livelihood.”
Nevertheless, as these visits often end in one-off consolation, local residents are expressing skepticism. Although the policy announcement is flashy, it’s identified that the effect that might be felt on the bottom is insufficient.
What’s the effectiveness of policies for small business owners?
The great measures for the people’s livelihood announced by South Jeolla Province include ▲Issuance of 350 billion won of local love gift certificates and expansion of discount rates ▲Payment of 300,000 won in public utility bill support for small restaurant businesses ▲Discounts and delivery fee support for public and win-win delivery apps ▲Support of management stabilization funds of 650 billion won Various support measures were included, including expansion.
These policies were designed with the intention of alleviating the difficulties of small and medium-sized business owners, however the perceived effect is just not significant. Specifically, short-term financial support often only provides temporary help and doesn’t result in solving structural problems.
With a view to help small business owners survive, business owners demanded the next fundamental measures:
Merchants called for “energetic support for small business owners’ digitalization and entry into the net market” and “support for digital transformation to put the inspiration for sustainable growth through internet marketing education, platform fee reduction, and distribution of digital tools.”
As well as, he emphasized, “Inducing a continuous influx of holiday makers through the event of customized business districts that reflect the cultural and geographical characteristics of every region,” and “Regional specialized strategies linked to tourism, local food, and cultural content are vital.”
Here, he voiced, “We’d like to support a cooperative model where small-scale stores can cooperate to strengthen purchasing power and negotiation power, and create a culture of coexistence inside the business district.”
They said, “Along with financial support, we’ll ensure a stable business environment with institutional support for long-term economic recovery by regulating business rents, providing tax advantages, and establishing a long-term regional economic plan.”
The issue of small business survival goes beyond the year-end and holiday season and is directly related to the long run of the whole local economy. Slightly than formal visits and consolation from politicians, sincere motion and effective policies are needed.
It’s time for Governor Kim Young-rok and South Jeolla Province to transcend the proposition that ‘the reply is in the sphere’ and show the message of ‘acting in the sphere.’
Reviving the local economy will begin with the need and motion to resolve structural problems from a long-term perspective quite than short-term policies.
Now’s the time to finish the wartime administration and give you measures that may give real hope to small business owners.
Reporter Yang Jun-seok kailas21@aitimes.com
