Reopening of Soraepogu Fish Market Exclusively Entrusted to Woori Asset Trust

On the 6th, Woori Asset Trust delivered quarantine supplies (KF94 masks) to support the health of small business owners and COVID-19 prevention at Soraepogu Fish Market located in Namdong-gu, Incheon. Lee Chang-jae (left), CEO of Woori Asset Trust, and Woo Sun-hee (right), chairman of Soraepogu Fish Market, are posing for a commemorative photo.

[Asia Economy Reporter Kim Hyo-jin] Woori Asset Trust, a comprehensive real estate finance subsidiary of Woori Financial Group, announced on the 7th that the Soraepogu Fish Market, a traditional fish market in Incheon that had ceased operations due to a fire, has reopened after 3 years and 9 months thanks to Woori Asset Trust's participation as the building owner, transparent fund management, and thorough project and construction management.

The Soraepogu Fish Market was completely destroyed by a large fire in March 2017, with all 244 stalls and 20 shops lost, causing market merchants to lose their livelihoods and cutting off visits from customers and tourists who came to reminisce about the old days.

Woori Asset Trust was selected as the dedicated trust company by the association on March 28, 2019, after more than two years of delay in the reconstruction project following the fire. Participating as the building owner, they accelerated project progress by handling permits, fund management, and construction contracts, completing construction last December.

The newly reopened market was built with one basement floor and two above-ground floors (total floor area of 4,666.92㎡), housing a total of 339 stores including general shops and salted seafood stores.

The Namdong-gu Office of Incheon took measures to allow the seafood sales area on the first floor to open first to provide swift livelihood support to merchants facing difficulties, with the remaining stores expected to begin operations as soon as their facilities are completed.

Meanwhile, Woori Asset Trust attended the appreciation plaque ceremony on the day and supported small business owners working at Soraepogu Fish Market by providing KF94 masks for health and COVID-19 prevention.

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