Noryangjin Fisheries Wholesale Market is the largest consumption site in Korea
Established by the city of Seoul, a central wholesale market is organized of the consignment sales business (focused business) of selling various kinds of fishery products in bulk through the public auction or fixed price/private sales, and the incidental business including the additional facilities rentals, production and sales of ice, operation of cold storage and parking lot, etc. for the effective operation of the focused business.
01Role Of Auction
As a focused business of Noryangjin Fisheries Wholesale Market, it is a business of taking responsibility for sales through the fair and competitive sales or bidding (private/fixed price sales) as receiving the products from the fishermen, intermediate whole-salers or distributors of production regions or importers who deal with the fishery products of coastal waters, farms or overseas and collecting a certain amount of fees for the service.
The rental, ice sales, parking lot and cold storage operation businesses are carried out to improve the efficiency of auction business and secure profits.