The Ministry of SMEs and Startups said on the 12th that it will begin recruiting for next year's "traditional market and shopping district revitalization support program."

Citizens visiting the Cheongnyangni Fruit and Vegetable Market in Dongdaemun District, Seoul, buy ancestral ritual items ahead of Chuseok. /Courtesy of News1

The support program will proceed in four institutional sector: ▲ fostering traditional markets (culture and tourism markets) ▲ market management support ▲ regional product exhibitions ▲ host city for the national excellent market expo. The recruitment period runs from the 13th to Nov. 7.

For culture and tourism markets, the application stage was designed to strengthen type classification and tailored strategy development through self-diagnosis. Application requirements were also eased so that outstanding markets are not excluded. This announcement aims to support about 47 markets.

Unlike last year, market management support has been reorganized into four project areas, including capacity building (management consulting and merchant training) and manpower support (market managers and delivery managers). The plan is to operate with a focus on establishing a foundation for the sustainable growth of traditional markets and shopping districts. It will support a total of about 362 markets and shopping districts annually.

The regional product exhibition is a project that exhibits and promotes excellent products and specialties from traditional markets and shopping districts within the region, and will recruit a total of 10 locations.

The ministry also plans to select and support one location to hold an offline expo to promote excellent traditional markets and shopping districts and encourage the use of traditional markets and shopping districts.

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