Incheon Namchon Agricultural Market to Open on the 2nd of Next Month... Relocating from Guwol-dong After 26 Years

Created on a 170,000㎡ site in Namchon-dong with a 320 billion KRW investment
Equipped with agricultural and marine products sales store, startup center, and 6th industry promotion hall

Incheon Namchon Agricultural Wholesale Market starting its first auction on March 2
[Photo provided by Incheon City]

[Asia Economy Reporter Park Hyesook] The largest agricultural wholesale market in the Incheon area is leaving Guwol-dong, Namdong-gu after 26 years since its opening and will open a new era in Namchon-dong on the 2nd of next month.

Incheon City announced on the 28th that the Namchon Agricultural Wholesale Market, created as an agro-food complex town with a budget of 320 billion KRW, will start its first auction on that day.

The Namchon Agricultural Market is the first wholesale market among the 32 public agricultural wholesale markets nationwide to relocate. When moving the agricultural wholesale market from Guwol-dong to Namchon-dong, the city also included stores selling agricultural, livestock, and marine products, creating a comprehensive market where one-stop shopping is possible.

The Namchon Agricultural Market is composed of a total area of 170,000㎡ and includes office buildings, food material buildings, fruit buildings, vegetable buildings, sales logistics buildings, and environmental buildings.

The office building has significantly expanded citizen spaces such as a 6th industry promotion center (antenna shop), which can be called a future industry in the agricultural and livestock sector, banks, convenience stores, and also prepared spaces for nurturing startups in the agro-food sector.

In the food material building, more than 60 stores operate, including food material stores, restaurants, specialized livestock product stores, and seafood stores, allowing customers to purchase not only agricultural products but also livestock and marine food materials together.

Additionally, rooftop gardens of about 500 pyeong (approximately 1,650㎡) have been created on three buildings including the fruit building, and experiential programs for citizens will be conducted, expected to contribute to the revitalization of urban agriculture.

The Namchon Agricultural Market is about 2.8 times larger than the existing Guwol Agricultural Market, roughly the size of six soccer fields, and has parking spaces increased more than fourfold from 713 spaces at Guwol Agricultural Market to 2,824 spaces.

Also, for citizens' convenience, one city bus route (No. 27) passes through inside the wholesale market, and two routes (No. 5 and 537) stop at the entrance of Namchon Agricultural Wholesale Market (Dorim High School bus stop).

An official from Incheon City stated, "We will ensure that the Namchon Agricultural Wholesale Market establishes itself not only as a simple agricultural wholesale market but also as a one-stop shopping space for agricultural, livestock, and marine products and as an advanced base for the 6th industry."

Meanwhile, the site of the existing Guwol Agricultural Market will be developed by Lotte Incheon Town. Lotte Incheon Town purchased the 58,000㎡ land of Guwol Agricultural Market from Incheon City in 2015 for 306 billion KRW.

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 Incheon Bus Terminal, which it acquired earlier in 2013.

This content was produced with the assistance of AI translation services.