Gov't to increase buying of products from small businesses to boost their sales
- 5 years ago
The South Korean government will increase its purchases of select products from small and medium-sized businesses in a bid to boost their sales.
The Ministry of SMEs and Startups said some small businesses make competitive products,... but don't sell as much as they should... because they aren't well-known on the market.
The government intends to buy huge quantities from the firms to promote the products on the wider market to give them a sales boost.
Last year, the government purchased products for roughly 24 million U.S. dollars.
This year, it will set aside 180 million dollars for the purchases.
The Ministry of SMEs and Startups said some small businesses make competitive products,... but don't sell as much as they should... because they aren't well-known on the market.
The government intends to buy huge quantities from the firms to promote the products on the wider market to give them a sales boost.
Last year, the government purchased products for roughly 24 million U.S. dollars.
This year, it will set aside 180 million dollars for the purchases.