Namdaemun Market is the largest traditional market in Korea with over 10,000 stores that line the streets around Namdaemun (Gate), the main southern gate of the old city wall. It boasts one of the largest distribution structures in Korea, providing local products, daily living essentials, food products, medical supplies and more to retailers and consumers across the country. Due to the wholesale nature of the market, shoppers can comparison shop for the lowest prices on all sorts of goods. Namdaemun Market is also packed with interesting things to see and eat, making it a popular destination for both locals and international visitors alike. So whether you’re looking for traditional oriental medicine or imported drugs, traditional Korean food or imported snacks, hanbok attire or a Halloween costume, Namdaemun Market is the place to go.
The oldest traditional market in Korea
Namdaemun Market first started under the reign of King Taejong (1367 – 1422, the third Joseon king) during the Joseon Dynasty (1392 – 1910), when the government built shops around Namdaemun and rented out the shops to traders. The market began to take its form as a trading marketplace during this era and continued to prosper until the Japanese took over management of the market in 1922 during the Japanese occupation. This went on for several years until the liberation of 1945 when the Koreans took control again, but the market continued to have a rocky history due to the onset of the Korean War and it was not until 1954 when the Seoul Namdaemun Market Co. Ltd. was founded that the market began to take hold again. In recent years, the market has undergone massive renovations and there are plans to renovate the market even more in the future.
The most comprehensive market in Korea
Namdaemun Market is renowned for its vast size and the variety of goods it offers. With the exception of construction materials, the market sells nearly every item under the sun including clothing, food, living essentials, etc. So it comes as no surprise that Namdaemun Market is always bustling day and night. Retailers from all over the nation flock to the market at night and local consumers flock to the market during the day. Many tourists come during the day as well to experience the charm of a traditional Korean market. The market's success is largely due to its independent distribution system. Although the shops are small, most of them produce the goods they offer themselves, allowing for customers to purchase goods directly from the manufacturers at wholesale prices.