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Osan City Moves to Strengthen Competitiveness of Traditional Oosaek Market

Selected for SME Ministry's Cultural Tourism-Type Market Development Project; 1 Billion Won Investment
Entrance to the traditional Oosaek Market in Osan City, which will receive 1 billion won in budget to strengthen its competitiveness (photo=Suwon Ilbo)
Entrance to the traditional Oosaek Market in Osan City, which will receive 1 billion won in budget to strengthen its competitiveness (photo=Suwon Ilbo)

[Suwon Ilbo=Reporter Jung Jun-sung] Osan City has been selected in the final round of the Cultural Tourism-Type Market Development Project public offering administered by the Ministry of SMEs and Startups, and the city is now beginning full-scale efforts to strengthen the competitiveness of its traditional Oosaek Market.

Accordingly, a total of 1 billion won in project funds—500 million won in national treasury funds and 500 million won in city funds—will be invested over two years from 2022 to 2023.

Osan City plans to organize a 100-year festival centered on craft beer festival 'YaMaek Festival,' 'Courtyard Play,' and 'Sharing Market (Flea Market),' which were developed through the first phase of the Cultural Tourism-Type Market Development Project.

Additionally, the city plans to establish a festival council composed of traditional market cooperatives, citizens, and merchants to foster the organizational foundation of the traditional market as it prepares for the next 100 years.

Osan Mayor Gwak Sang-wook stated, "The Cultural Tourism-Type Market Development Project that Osan City is pursuing, centered on local content, will serve as an excellent model case for traditional market revitalization projects," and emphasized, "To revitalize the local economy affected by COVID-19, Osan City will continue to nurture unique cultural tourism content and pursue diverse projects."

Meanwhile, Osan City was simultaneously selected for public offering projects including the 'Gyeonggi Province Aging Commercial District Revitalization Project' and the 'Gyeonggi Province Traditional Market Facility Modernization Project' in 2021 to revitalize the local economy, and is known to be pursuing various initiatives.

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