Incheon City announced that it is preparing to establish a tentatively named "Incheon Agricultural and Livestock Products Distribution Corporation" with the aim of launching it in February 2026.
Currently, the construction capital is 796.6 billion won, including 792.6 billion won in kind and 4 billion won in cash, and the number of employees is 67.
In the first half of next year, the Incheon Metropolitan Government will conduct a feasibility study service through the Local Public Enterprise Evaluation Institute under the Ministry of Public Administration and Security, and then take preparation procedures such as briefing sessions and ordinance enactment in the second half of next year.
According to the analysis of the Incheon Research Institute, if the city directly manages Incheon's two public wholesale markets, it is expected to generate a cumulative deficit of 8.8 billion won between 2027 and 2031, but if the corporation operates it, it is estimated to generate a surplus of 900 million won during the same period.
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