Incheon Namchon Agricultural Wholesale Market Facilities Bidding Until 18th... First Auction on 28th
Incheon Namchon Agricultural Wholesale Market under construction
Photo by Incheon City
[Asia Economy Reporter Park Hyesook] Incheon City will hold a bid for the sales facilities in the Food Ingredients Building and Office Building of Namchon Agricultural Products Wholesale Market from the 10th to the 18th of this month.
The bidding targets include 46 food ingredient sales stores, 2 specialized livestock product stores, 9 livestock and seafood product stores, 6 restaurants, and 69 places in total including banks and convenience stores at Namchon Agricultural Products Wholesale Market.
The bidding will be conducted through 'Onbid,' the electronic asset disposal system of the Korea Asset Management Corporation, and participants must be individual or corporate business operators.
Opened in January 1994, the Namchon Agricultural Products Market, which relocated after 26 years from Guwol-dong, Namdong-gu, Incheon, is now located on a 170,000㎡ site in Namchon-dong, Namdong-gu, equipped with an auction hall, direct sales hall, food ingredients building, parking lot, and will start its first auction on the 28th of this month.
Compared to the existing Guwol Agricultural Products Wholesale Market, Namchon Agricultural Products Wholesale Market has a site area 2.8 times larger and has improved convenience by providing parking space for 2,800 vehicles.
Meanwhile, the site of the existing Guwol Agricultural Products Market will be developed by Lotte Incheon Town. In February 2015, Lotte Incheon Town purchased the 58,000㎡ land of Guwol Agricultural Products Market from Incheon City for 306 billion KRW.
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Lotte plans to gradually develop shopping, cultural, and residential facilities such as a complex shopping mall, department store, and apartments by linking this site with the 78,000㎡ land around the Incheon Bus Terminal, which it acquired earlier in 2013.
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