Frieze, known as one of the world's top three art fairs, and KIAF (Korea International Art Fair), the largest art fair in Korea, opened on the 2nd at COEX in Gangnam-gu, Seoul. Seoul Mayor Oh Se-hoon is speaking at the opening ceremony. Photo by Moon Ho-nam munonam@

Frieze, known as one of the world's top three art fairs, and KIAF (Korea International Art Fair), the largest art fair in Korea, opened on the 2nd at COEX in Gangnam-gu, Seoul. Seoul Mayor Oh Se-hoon is speaking at the opening ceremony. Photo by Moon Ho-nam munonam@

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[Asia Economy Reporter Lim Cheol-young] On the 8th, a day before the Chuseok holiday, Seoul Mayor Oh Se-hoon visited Jayang Traditional Market in Gwangjin-gu to greet citizens who came to buy ritual items and checked the prices of holiday grocery items ahead of Chuseok.


Mayor Oh also encouraged merchants who are struggling due to recent price increases, interest rate hikes, and COVID-19. He plans to monitor online shopping, special sales events at the market entrance, and other initiatives to support market revitalization and facility modernization projects.


Additionally, Mayor Oh visited various stores within the market selling songpyeon, hangwa, jeon, fruits, and other items, purchasing goods while checking price trends of key holiday ritual items. He engaged in conversations with market merchants to listen to their difficulties. He also observed various prize events (lucky draws) and the production of promotional videos aimed at revitalizing the traditional market, which has been stagnant since COVID-19, and helping increase merchants' sales.


Earlier, Seoul City stabilized prices by supplying seasonal products at 110% of the three-year average transaction volume to manage holiday grocery prices and has been monitoring price trends of 20 major agricultural, livestock, and marine products. As part of the ‘Traditional Market Munjeonseongsi Project’ to revitalize traditional markets during Chuseok, various events are being held at 11 traditional markets across Seoul until the 16th.



Mayor Oh encouraged merchants who are going through difficult times due to price increases, interest rate hikes, and COVID-19, and urged officials to “do their best to stabilize holiday grocery prices by monitoring price trends of key items and expanding the supply volume of seasonal products.”


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

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