Gyeonggi-do Supports 'Specialization Projects' for 5 Traditional Markets

'Win-Win Development Type Gyeonggi Shared Market' and 'Gyeonggi-Type Innovation Market' Selected in 2 Categories, 5 Locations

Photo by Moon Ho-nam

[Asia Economy Reporter La Youngcheol] Gyeonggi Province will support five new Gyeonggi Province-style traditional market specialization project sites this year.

According to the province on the 3rd, the 'Gyeonggi Province-style Traditional Market Specialization Project' is a project introduced and promoted since the 7th local government administration to strengthen the self-sustainability of traditional market merchants, revitalize old downtown commercial districts, and activate alley economies.

The province conducted a public contest for two categories: 'Win-Win Development Type Gyeonggi Shared Market' and 'Gyeonggi Province-style Innovation Market,' and comprehensively reviewed effectiveness and implementation capabilities to select five markets in five cities/counties that received high evaluations as target sites.

Two sites selected for the 'Win-Win Development Type Gyeonggi Shared Market,' Icheon Yes Park Shopping District and Yangpyeong Yangdong Ssanghak Market, will each receive a budget of 200 million KRW.

They plan to create a 'community-type shared commercial space' in the idle spaces of traditional markets where various local entities can participate as sellers.

Through the shared market project group and managers, they plan to discover new items and programs that can create new customers, such as promotional marketing, cultural performances, and installation of sales stands and booths.

For the 'Gyeonggi Province-style Innovation Market,' three sites?Gapyeong Cheongpyeong Yeoul Market, Anseong Anseong Matchum Market, and Paju Gwangtan Traditional Market?were selected and will each receive a budget of 500 million KRW.

The goal is to eliminate the negative image of being underdeveloped and strengthen the organizational capabilities of merchants to create a 'traditional market people want to visit.'

They plan to discover and develop specialized products, services, tourism resources, and other traditional market specialization elements, and help enhance self-sustainability through service innovation and environmental improvement.