Construction of Public Parking Lot in the Center of Jayang 4-dong Traditional Market, Gwangjin-gu

Ministry of SMEs and Startups Leads '2021 Traditional Market Parking Environment Improvement Project' Secures 13.2 Billion KRW in National and City Funds... Construction of a Public Parking Lot with 138 Spaces on B1 to B3 Floors in the Center of Jayang 4-dong Traditional Market

Norunsan Alley Market near the public parking lot construction site

[Asia Economy Reporter Jong-il Park] A public parking lot with 138 spaces across three underground floors (B1 to B3) will be constructed in the center of Jayang 4-dong traditional market in Gwangjin-gu (District Mayor Kim Seon-gap).

The Jayang 4-dong traditional market is a cluster of four markets including Norunsan Market, Norunsan Alley Market, Yeongdonggyo Alley Market, and Neungdong-ro Alley Market, with a history of about 50 years.

However, there was significant inconvenience due to the lack of parking lots available for residents nearby, and illegal parking and the risk of traffic accidents were high as loading and unloading took place on the roads.

Accordingly, the district office promoted the construction of a public parking lot to revitalize the stagnant traditional market and improve convenience for visitors, resulting in the selection of the site for the Ministry of SMEs and Startups’ “2021 Traditional Market and Shopping District Revitalization Support Project” parking environment improvement project.

Through this public contest project, the district secured a total project cost of 15.67 billion KRW, including 13.16 billion KRW in national and city funds, and plans to complete construction by the first half of 2023.

The parking lot site is located at Jayang-dong 43-44, a public contribution site of the Jayang 1 Housing Reconstruction Project, adjacent to Norunsan (Alley) Market and Yeongdonggyo Alley Market. The underground floors 1 to 3 will house a public parking lot with a total floor area of 7,010㎡, and a small park will be created on the ground level.

District Mayor Kim Seon-gap said, “Once the public parking lot is established, it will not only resolve parking difficulties but also attract many visitors to the traditional market from our district as well as neighboring areas. Especially, I hope it will be a great support to the traditional market merchants who are going through difficult times due to COVID-19.”

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