19 Traditional Markets in Pohang Selected for the Ministry of SMEs and Startups Management Voucher Program

Published 18 May.2020 12:23(KST)

Updated 14 Aug.2025 01:37(KST)

National funding support ranging from 20 million to 60 million KRW by market size... Geundonghae Market receives 600 million KRW benefit

The quiet scene of Pohang Jukdo Market on February 23rd due to the spread of COVID-19.

[Asia Economy Yeongnam Reporting Headquarters Reporter Dongwook Park] Pohang City announced on the 18th that 19 traditional markets in the area have been selected as recipients of the Market Management Voucher support under the Ministry of SMEs and Startups' ‘2020 Traditional Market and Shopping District Revitalization Supplementary Budget Project.’

The 19 markets selected in this public contest, including Jukdo Agricultural Products Market, will receive a total of over 700 million KRW in national funds, ranging from 20 million to 60 million KRW depending on their size. In particular, Pohang Keundonghae Market, selected for the ‘Safety Management Package Support Project,’ will receive 600 million KRW in national funds.

Each traditional market is expected to be reborn as a premium traditional market through customized joint marketing activities suitable for local characteristics, such as prize giveaways, discount events, cultural performances, events, and quarantine activities, funded by the support.

Currently, in the Pohang area, seven markets have been selected for four public contest projects, including the Cultural Tourism Type Development Project for Keundonghae Market, the Specialized First Step Foundation Project for Daehan Bulbit Market, the Market Manager Employment Support Project, and the Shopping Delivery Service Support Project, receiving national funding.

A city official welcomed the news, saying, “Traditional markets struggling due to COVID-19 are expected to recover vitality through this selection, enhancing customer satisfaction and creating a place for harmony between local residents and merchants, and will play a significant role in revitalizing the economic downturn atmosphere.”