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Programs & Projects

Facility Modernization

Facility Modernization

Garak Market

As the first public wholesale market in Korea, it opened in June 1985, and it is the world’s largest wholesale market which trades 2.5 million tons yearly.
In order to be reborn as a wholesale market with an efficient logistics systems and eco-friendly facilities, the market facilities will be modernized by being reconstructed in rotation.

Renewal Project Stage 1 Completion of Garak Mall

Project period

June 2011 to February 2015 (44 months)

Business scale

Land area 54,828㎡, Total area 210,958㎡

Main facilities

Sale Zone: fruit/vegetable/marine product/livestock product/dried seafood/food market, restaurants
Theme Zone: raw fish center, food market, promotional shop for specialties from 8 Korean provinces
Task Zone: library (4th floor), cooking studio (4th floor), convention (2nd floor)

※ Homepage http://garakmall.garak.co.kr

Overview of the Wholesale Area Business

Project period

2009 ~ 2031

Project cost

Phase 1 KRW 2,795 billion, Wholesale rights KRW 7,058 billion (as of October 2021)

Business scale

Phase 1 210,958㎡, Wholesale Rights 302,201㎡

Main facilities

Improving logistics congestion by realizing common logistics and reducing logistics costs
Enhancing safety and freshness by expanding low-temperature/storage and sanitary facilities for each distribution step
Increasing efficiency of logistics and convenience of market usage by introducing a cutting-edge logistics system applying IT technologies
Citizen-friendly market by afforesting part of its rooftop and expanding cultural and sports facilities

Project Strategy

Business characteristics

Proceeding with project in stages by maintaining normal functions of the wholesale market through “reconstructing in rotation”

Repetition of the following process 『Relocation of distributors → destroying the existing facility → building the new facility → Distributors moving in』