Yangcheon-gu Omokgyo Jungang Market Registered as Traditional Market After 50 Years

Expected to Greatly Contribute to Increasing Small Business Sales and Developing Local Commercial Districts

Kim Soo-young, Yangcheon District Mayor, having a conversation with the chairman of the Omokgyo Jungang Market Merchants Association

[Asia Economy Reporter Park Jong-il] On the afternoon of the 29th, Kim Soo-young, Mayor of Yangcheon-gu, visited Omokgyo Jungang Market in Sinjeong 2-dong and personally delivered the traditional market registration certificate and the merchants' association registration certificate to the merchants' association.

With this traditional market registration certification, Omokgyo Jungang Market, established in the 1970s, fulfilled the long-cherished wish of 63 store merchants after more than 50 years since the market's opening.

Until now, as an unregistered market outside the institutional framework, Omokgyo Jungang Market had been in a significantly disadvantaged environment compared to large-scale retail stores nearby due to difficulties in receiving government support. The district office and the merchants' association worked together to meet the requirements for traditional market registration and made multifaceted efforts to resolve the standards.

Taking this opportunity of traditional market registration, Omokgyo Jungang Market plans to establish self-sustainability through registering as an Onnuri gift certificate franchise, receiving support for traditional market facilities and business modernization projects, and linking with the Sinjeong Living Commercial Area Promotion Committee, which is currently in its first year of development.

Since the registration of Mokdong Kkaebi Market in 2006, this is the first traditional market registration in about 15 years, and the district office plans to strive to ensure that other unregistered markets in the region also meet the relevant criteria and can be registered as traditional markets.

Kim Soo-young, Mayor of Yangcheon-gu, said, “Through the traditional market registration of Omokgyo Jungang Market, we expect not only an increase in sales for small business owners but also a significant contribution to the development of the local commercial district.”

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