Namdaemun Market, which started in 1414 when the Joseon Dynasty was the 14th year of King Taejong's reign, was established by the Namdaemun Market Merchants Association after Korea's liberation from Japan's colonial rule, and has been in the form of a corporation jointly invested by building owners and merchants in 1964, boasting a history of more than 600 years.

The average number of visitors to Namdaemun Market, which has a traditional appearance, present and overflowing vitality, reaches 300,000 a day, with some 10,000 stores starting from Sungnyemun Gate.

Geographically, it is the most popular attraction for foreigners visiting Seoul as it is located near major buildings in Seoul, including Shinsegae Department Store and the Bank of Korea, as well as tourist attractions such as Jeongdong-gil, Myeong-dong, Namsan Tower, and Namsan Hanok Village.