Business · Companies · 1 day ago
Namdo Jangteo to Expand Into a K-Food Industry Promotion Institute
Jeonnam-Gwangju plans to rename the Namdo Jangteo foundation the Namdo K-Food Industry Promotion Institute.
The foundation currently helps sell and distribute agricultural and specialty products from the region.
Under the plan, it would also support food research, production, processing, distribution and exports.
Its work would include helping food businesses test technology, supporting startups and food technology, and developing higher-value food products.
The expanded remit would also cover public meal services, local food supplies, traditional cuisine and food tourism.
The city says it wants to bring scattered research and support resources together to strengthen the regional food industry.
The proposed changes are in a draft ordinance that the city has opened for public comment, and the existing foundation’s assets, contracts, projects and staff relationships are to remain in place.
Namdo Market is set to be reorganized as the Namdo K-Food Industry Promotion Institute.
The proposed agency would expand beyond online sales and market access support into research, production, processing, distribution and exports.
It would also support food technology, startups, public food services, food tourism and the global promotion of traditional regional cuisine.
The integrated city has given advance notice of a draft ordinance to change the foundation’s name and functions.
The existing foundation’s assets, rights, obligations, contracts, projects and staff employment relationships are to remain in place.
- Who
- The integrated city of Jeonnam-Gwangju is pursuing the reorganization of the Namdo Market foundation.
- What
- The foundation would be renamed the Namdo K-Food Industry Promotion Institute and given a broader role in developing the food industry.
- When
- The plan was reported on October 10, 2026.
- Where
- Jeonnam-Gwangju, South Korea.
- Why
- The city aims to unify regional food-industry research and support systems and strengthen the competitiveness of the K-food industry.
This story does not have two clearly opposing sides.
Rather than establishing a new foundation, we will change the name and functions of the existing Namdo Market corporation
This story does not have a timeline yet.
- Proposed name
- Namdo K-Food Industry Promotion Institute
- Existing foundation
- Namdo Market
- Ordinance
- Draft amendment to the ordinance on the establishment and operation of the Namdo Market foundation
- Leadership
- The market would appoint the institute’s director after an open recruitment and recommendation process
- Scope
- Research and development, production, processing, distribution and exports
Sources
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