Traditional market has played important roles in serving as a place of regional trade and as a center of communal activities. As distribution industry has developed, and as the orientations of consumers have changed, however, traditional market has lo...
Traditional market has played important roles in serving as a place of regional trade and as a center of communal activities. As distribution industry has developed, and as the orientations of consumers have changed, however, traditional market has lost its competitive power. Their aged facility and management have also caused the loss of their competitiveness.
In recognizing these problems, this research aims to understand the present condition of Seo-Moon Market and the obstacles to its revitalization. Afterwards, this study suggests systemic ways to solve the problems and to revive the Market.
In oder to achieve these goals, this research first studied the traditional marketing strategies and methods, as well as the relevant laws. Then, it surveyed the opinions of merchants and consumers pertaining to the challenges and problems of traditional market.
Based upon these investigations, finally, this research suggests two ways to revitalize Seo-Moon Market. First, the redevelopment of Seo-Moon Market as a commercial-residential complex will help its revitalization.
In addition to the redevelopment of surrounding areas as commercial-residential ones, this will go well with its traditional roles of being the place of regional trade and communal exchange. This project will help Seo-Moon Market continue to provide a communal space, while boosting the economic development and morale of the community.
Second, Seo-Moon Market will have to be eventually self-sufficient. For this, the merchants need to be educated on the relevant government laws and the effective operation of Market Management Support Center. Additionally, the specialization strategies such as collaborated branding and issuing gift certificates need to be considered.
Finally, the systemic and realistic governmental intervention is indispensable to the revitalization of the market.
As discussed above, these strategies will be effective, when they are put into practice as long-term goals.