Established in 1941, the market originally catered for local needs.

Today it is home to around 75 businesses, including sit-down restaurants, street food stalls, and stores.

In 2010, it was selected as the 'Seoul Culture Market' hosted by the governments of Seoul and Jongno District.

The number of stores is about 70 across food stalls and goods vendors.

The programme resulted in growing visitor numbers and started to attract tourists.