The Savings Bank Association is supporting the introduction of eco-friendly and energy-saving facilities for young merchants in traditional markets.
On September 1, the Savings Bank Association announced that it will launch the "Support Project for Environmental Improvements of Young Merchants in Traditional Markets" in collaboration with the Traditional Market Promotion Foundation, coinciding with the "Savings Bank Social Contribution Activity Day." This initiative aims to reduce the fixed costs for young entrepreneurs and enhance the competitiveness of their stores, based on a memorandum of understanding signed with the foundation last year.
The support will target young merchants aged 39 and under operating in traditional markets and shopping districts across the country. A total of 100 businesses will be selected from six regions nationwide.
Selected businesses will receive support for replacing energy-saving equipment, including high-efficiency heating and cooling systems, LED lighting, and cooking appliances. Costs for transitioning to reusable containers and eco-friendly packaging will also be covered. Detailed information can be found on the Traditional Market Promotion Foundation's website.
Oh Hwa-gyeong, president of the Savings Bank Association, stated, "I hope this support will alleviate the operational burden on young merchants and help create competitive stores."
The savings bank industry designates September each year as "Savings Bank Social Contribution Activity Day," during which it conducts community support activities for vulnerable groups nationwide.
* This article has been translated by AI.
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