Road vendors attempting to sell products or leather products are obtained at Jungang-ro, the primary drag extending 300 yards (985 feet) from Myeong-dong Station to Myeongdong Theater, in Jung District, central Seoul on June 17. By Lee Seung-ho
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p.m. on Sunday, the streets of Myeong-dong were filled with people enjoying their weekend and street vendors lined up selling their wares, including bags and accessories.
A distinct street sellers stretched down the main drag some 300 yards (985 feet) from Myeongdong Subway Station of Line Number. 4 to Myeongdong Theater.
If I want to perform a business like you, what can I do? the JoongAng Ilbo questioned a street vendor who looked to stay his early 20s.
I dont know. Im perhaps not the dog owner, the person answered, an aggressive look on his face. Im just helping my uncle.
When the JoongAng Ilbo asked the same problem to Vacheron Constantin Replica Watch
other young companies, they answered by saying, I work for my grandmother, and I only get paid by my dad for helping him out.
Most of them are part-timers, a 63-year-old merchant surnamed Lee said.
Owners tell them to answer this way to avoid government regulation. The homeowners who make enough profit to hire part-timers imagine which they seldom make anything.
Beneath the law, street sellers are susceptible to regulation, but many local district offices let them work freely since lots of them say they're in low-income brackets and can scarcely earn an income by trying to sell odds and ends, processed foods and phony custom products at cheap rates.
When you secure a good place and only offer fake designer goods such as Louis Vuitton, it is possible to earn 5 million won per day, a merchant surnamed Hwang, 40, said. It is a serious cash cow because most street stalls are only open for seven hours [4 p.m. to 11 p.m.] a
There are about 270 street vendors in the Myeong-dong area, the Jung District Office said. Several neighborhood suppliers, specially in Myeong-dong, operate their business such as a business controls subsidiaries. Stalls are operated three to four by them by hiring part-timers. The part-timers earn 1.5 million won ($1,296) to 2 million won monthly.
Around 11 p.m., when most suppliers begin closing down, owners show up to get their money, a merchant surnamed Choi, 41, said. Many of them travel luxurious imported cars and spend their days playing display tennis or billiards.
Street stalls can be purchased like property. Though a street stall is for sale, they just share that information with people they know, a vendor surnamed Park, 58, said.
The cost for road stalls varies by site. An average price is just about 50 IWC Cousteau Divers gold watches
million won and the price rises to 150 million won if it is located in Jungang-no, typically the most popular area for international travelers and fresh consumers.
Some owners lend a stall to a merchant for 3 to 5 million won a month or make a contract for 40 per cent of a companies regular revenue.
Even though the price of hiring or investing in a street booth is expensive, they're common because it guarantees at least 1 million to Best Mens Hublot Big Bang Series 44mm Watch
3 million won in income per day.
Its hard to find street suppliers because they [vendors] believe we risk their right to live, Lee Byeong-mok, a spokesman from Jung District Office said.
Seung-ho[sakwon80@joongang.co.kr ]