Seoul Gangseo-gu Bangsin Traditional Market Transforms into Premium Lifestyle and Culture Market

Bangsin Traditional Market in Gangseo-gu, Seoul, Transformed into a Premium Lifestyle Culture Market

Selected for the ‘Cultural Tourism Market Development Project’... Total project cost of over 1 billion KRW supported over 2 years

Vision Declaration Ceremony Held and Project Plans Announced... Market Branding and Platform Development to be Promoted

Gangseo-gu, Seoul, is developing Bangsin Traditional Market in Banghwa-dong into a culturally and touristically specialized market to enhance the competitiveness of the local traditional market.

On the 14th at 2 PM, the district held a vision declaration ceremony at Bangsin Traditional Market to announce the promotion goals and detailed plans to transform it into a ‘premium lifestyle culture market.’

About 100 people attended the vision declaration ceremony, including Jo Sang-hyun, president of the Bangsin Traditional Market Merchants Association, association officials, local professional organization leaders, presidents of merchants associations from other traditional markets, and residents, celebrating the new start of Bangsin Traditional Market.

The event was divided into two parts: the first part was the vision declaration ceremony, and the second part was a congratulatory performance.

The vision declaration ceremony proceeded in the following order: ▲Opening remarks ▲Welcome speech by the merchants association president ▲Congratulatory speeches by guests ▲Project commencement report meeting ▲Launch ceremony of the Cultural Tourism Market Development Project Team.

Bangsin Traditional Market was selected for the ‘Cultural Tourism Market Development Project’ by the Ministry of SMEs and Startups and will receive a total project fund of over 1 billion KRW for the next two years.

The district plans to transform Bangsin Traditional Market into a regional cultural space and a landmark that visitors want to return to.

Specifically, it will develop cultural experience festivals tailored to local characteristics and promote branding by leveraging the unique features of each local store.

To strengthen merchants’ capabilities, customized consulting for stores will be provided, and an online platform will be established in line with changes in consumer behavior to create a market that attracts young people.

A district official said, “We will do our best to develop a culturally and touristically specialized market so that it can become a premium traditional market visited not only by residents but also by many citizens.”

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