Study on the Related Legal System for Revitalizing Traditional Korean Market

The purpose of this paper is to analyze the current state of related laws and institutions in order to revitalize the Korean traditional market and to present a new direction of the legal system. First of all, in this study, the concept, condition, and related terms of Korean Traditional Market were arranged, and the changing process of existing related laws and institutions of Korea and the supporting system of foreign traditional markets were studied. Finally, a strategy for establishing an efficient legal system is presented. Strategies are needed to improve the quality of local economies and customers and local residents through the revitalization of traditional markets. Especially, it is necessary to construct legal systems that include various functions such as politics, culture, and life as well as economic dimension. The proposals for related legislation are as follows: first, legal system for the discovery and development of goods and services offering special value; second, legal system for building a creative cooperation model with merchants and experts; and third, legal system for discovering sustainable success model and assurance system.