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Daegu Fashion & Jewelry District
The current Daegu Fashion & Jewelry District came into being spontaneously in the 1970's with the watch stores of the Gyodong market playing the central role.
The business district was developed with focus on watch repairs and sale of used products, and from the mid-1970's, pure gold and 18K gold factories began to move in. In 1980 it began to look like a jewelry alley, and established itself as a district for the manufacturing, production and distribution of jewelry products. The district used to be called the 'Gyodong Jewelry Intersection' for a long time, and was renamed the ‘Daegu Fashion & Jewelry District’ in 2005.
More than 300 jewelry shops, accounting for 32% of all jewelry shops in the Daegu-Northern Gyeongsang Province area, are concentrated here, and their combined sales and exports amount to KRW200 billion and $10 million.