page_title: Retailing in South Korea
section_title: Gwangjang Market
hierarchical_section_title: Retailing in South Korea / Wholesale marts / Traditional markets / Popular traditional markets in Seoul / Gwangjang Market
caption_attribution_description: 한국어: 종로 광장시장
context_page_description: The nation's large retail store can be said to be a large store with a size of over 3,000 square meters, selling products such as food, household goods and home appliances to consumers in a self-service manner at a lower price than the average store. Food products, including fresh and processed foods, account for an overwhelming 50 percent of the sales, followed by household goods and appliances. While the narrow concept of large marts includes E-Mart, Homeplus, and LotteMart, the broader concept includes warehouse discount such as Costco, Traders, and Big Market.
context_section_description: The Gwangjang Market is the first Korea permanent market that has 100 years traditional. In 1905, Japan carried out the money rearrangement business and this made the merchant of Joseon unstable. So Joseon merchants established Gwangjang Corporation. In 1905 the name of this market was Dongdaemun Market, but after 1960 it became Gwangjang market. Because this market was expected to cover the gap between extended bridge called Gwanggyo and long bridge called Janggyo. So they took the words Gwang and Jang from the bridges and created the word Gwangjang. Also this market is filled with stores and food vendors that serve popular Korean foods like bindaetteok, gimbap, bibimbap, and sundae.
caption: Gwangjang Market
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