Bongnae Market is a marketplace naturally formed during the Japanese colonial period.
In 1970, the market building was constructed and it officially became Yeongdo Bongnae Market.
Yeongdo Bongnae Market Merchants’ Organization began an environmental improvement project in 2006, paving the entrance road, building an arcade and repairing electricity, fire protection facilities and communications facilities.
Yeongdo Bongnae Market Merchants’ Organization meets once a year to encourage cooperation and partnership. The Merchants’ Organization signed a sisterhood agreement with Daewoo Shipbuilding Engineering Co. and carries out various activities to promote the market.