The Small Business Association of Korea held the 6th Distribution Cooperation Conference on July 21 in Yeouido, Seoul, in collaboration with the Korea Department Store Association, the Korea Online Shopping Association, and the Korea Chain Store Association.
The conference aims to share exemplary cases of cooperation between large and small businesses in the retail sector and to reward model companies, promoting a culture of cooperation. This year marks the sixth iteration of the event.
This year's recognized cooperative companies include Hyundai Department Store, E-Mart, 11st, and Lotte On. Hyundai Department Store and E-Mart received commendations from the Fair Trade Commission Chairman, 11st was honored by the Chairman of the National Assembly's Political Affairs Committee, and Lotte On received recognition from the Chairman of the Win-Win Growth Committee.
Hyundai Department Store presented exemplary cases of cooperation and expressed its commitment to continue its collaborative efforts through the Retail Cooperation Council and the Small Business Retail Cooperation Committee.
Kim Gi-moon, Chairman of the Small Business Association, stated in his opening remarks, "The retail industry is facing an unprecedented crisis due to prolonged domestic demand stagnation and intensified competition from overseas e-commerce. The solution to overcoming this crisis lies in cooperation between large and small businesses." He emphasized that if leading domestic retailers support small businesses and local merchants, the value of cooperation will shine even brighter.
Lee Byeong-moon, Second Vice Minister of the Ministry of SMEs and Startups, remarked in his congratulatory speech, "Cooperation is a key strategy for enhancing corporate competitiveness," and assured that the ministry would actively support the establishment of a cooperative ecosystem that underpins the competitiveness of Korea's retail industry.
* This article has been translated by AI.
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