Ulsan Agricultural and Marine Products Wholesale Market Relocation Project Gains Momentum... Aiming to Become the Top Hub Wholesale Market in the Southeast Region

Cheongwadong, Susan-dong, and 4 Other Districts... Construction Starts in 2025, Completion in 2027

Wholesale Market Location Map.

[Asia Economy Yeongnam Reporting Headquarters Reporter Lee Dong-guk] The project to modernize and relocate the Ulsan Agricultural and Marine Products Wholesale Market is gaining momentum.

Ulsan City announced on the 26th that the "Ulsan Agricultural and Marine Products Wholesale Market Facility Modernization and Relocation Construction Project" received conditional approval in the Ministry of the Interior and Safety's "4th Local Finance Central Investment Review."

This marks a significant milestone four months after receiving a "reconsideration" notice in June due to uncertain national funding sources.

Mayor Kim Du-gyeom focused on securing national funding and persuading the Ministry of Economy and Finance, Ministry of the Interior and Safety, and Ministry of Agriculture, Forestry and Fisheries?the departments responsible for the investment review?about the necessity and justification of the project through consultations centered on related departments.

Additionally, the active cooperation of local lawmakers, including Lee Chae-ik and Park Seong-min, members of the National Assembly's Public Administration and Security Committee, greatly contributed to passing the central investment review.

Accordingly, the city plans to start a feasibility study for construction in November, secure national funding next year, lift development restrictions, hold architectural design competitions, and proceed with detailed designs to fully advance the project.

The "Ulsan Agricultural and Marine Products Wholesale Market Facility Modernization and Relocation Construction Project" will invest a total of 180.3 billion KRW, including 27.2 billion KRW in national funds, on a site of 160,000㎡ in Yulli, Cheongnyang-eup, Ulju-gun, with a total building area of 54,000㎡. Construction is scheduled to begin in 2025 and be completed by 2027.

The main facilities will include six buildings: the fruit and vegetable building, seafood building, management building, direct sales building, logistics center building, and environment building.

Mayor Kim Du-gyeom stated, "Passing the central investment review has justified securing national funding for next year, giving momentum to the relocation construction project. Cooperation with local lawmakers must continue. We will do our best to respond to the rapidly changing agricultural and marine product distribution environment and lead changes in the local food industry structure to become the 'top hub wholesale market in the Southeast region.'"

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