There are concerns about safety and other infrastructure issues in the 48-year-old fish market, and the cooperative launched a government-funded plan in 2004 to overhaul the establishment. The renovated market, located on the same premises, opened in March 2016. While the majority of existing merchants and wholesalers has agreed to the relocation and moved into the new building, other vendors still refuse to relocate, primarily because of unsatisfactory compensation and higher rent. They have also insisted that the new space is unfit for fish shops and too cramped to run their business, which is a cross between retail and wholesale. The cooperative said it has offered 30 billion won ($26.6 million) in supplementary support for the merchants and will seek to resolve the matter through negotiations. It stressed the relocation was inevitable, citing the danger of potential accidents from deterioration in the old market. A representative of the opposing merchants said they would not back down until the cooperative “guarantees our survival and leaves the old market in place.”