Daejeon, South Korea – In a proactive move to stabilize prices and revitalize traditional markets ahead of the Lunar New Year, Daejeon City conducted on-site inspections at Sintanjin Market on January 24th. Officials closely monitored the prices of 16 essential commodities, ensuring compliance with origin and price labeling regulations.

This initiative is part of broader efforts to stabilize prices for essential goods, enhance consumer trust, and stimulate the local economy. Particularly amid rising inflation and weakening consumer sentiment, the city aims to encourage residents to shop at traditional markets and foster economic recovery.

"Persistent inflation and economic downturn have placed a significant burden on local businesses and small merchants," said Kwon Kyung-min, Director of the Economic Affairs Bureau. "For this Lunar New Year, we will actively promote traditional markets and shops that offer reasonable prices, creating a win-win situation for both citizens and merchants."

Kwon emphasized the city's commitment to providing various support measures to revitalize the local economy and to solidify the position of traditional markets as the heart of the regional economy. "We will continuously strive to stabilize prices and support small businesses," he added.

Daejeon City plans to implement a wide range of measures to stabilize prices and revitalize traditional markets, aiming to create an environment that satisfies both local businesses and consumers. By focusing on on-site inspections and policy implementation, the city aims to deliver tangible changes that benefit both small businesses and citizens.