Suwon Selected for Ministry of SMEs and Startups' 'Centennial Market' Development Project... Secures 2 Billion Won in Government Funding

[Suwon Ilbo=Reporter Jung Jun-seong] Suwon announced on the 15th that it has been selected for the Ministry of SMEs and Startups' "Specialized Market Development Project (Centennial Market)" competition, jointly submitted with markets in the Suwon Nammon Market area, securing 2 billion won in government funding.

The city formed the "Suwon Nammon Market Consortium" with the Suwon Urban Development Foundation and eight markets in the Nammon area including Jidong Market, Yeongdong Market, Paldalmun Market, Motgol General Market, Minari-kwang Market, Citizens Shopping Mall Market, Nammon Fashion 1st Street Market, and Gucheon-dong Tool Market to submit the application.

The Suwon Nammon Market Specialized Market Development Project will be implemented through December 2027 with a total investment of 4 billion won, including 2 billion won in municipal funds.

The plan is to create a complex commercial district combining culture, tourism, shopping, and experience by linking the Nammon Market with surrounding key business areas. In addition, the city will establish a one-stop tourist shopping hub center, create a "Royal Market" themed street, and promote night markets and evening festivals to activate the evening commercial district.

The city plans to increase food and attractions by implementing local specialties from across the country in the market, and develop artificial intelligence (AI) digital guide services to enhance convenience for foreign tourists.

Mayor Lee Jae-jun said, "Suwon City has declared itself a local commercial district protection city and set a goal to create a traditional market that grows together with citizens based on three strategies: growth, coexistence, and support," and added, "We will do our best to help Suwon Nammon Market, a market created by the king, move forward toward the next 200 years following its 230-year history."