The purpose of this study is to suggest specific elements for archiving tangible and intangible materials based on popular, administrative, historical, and cultural functions of traditional markets. Related literature was thus reviewed and the cases of Seoul Yangnyeongsi Story Archive, Gwangju Dae-An Yesul Market Archive Project D, and Daegu Bukseong-Ro Gongu Museum were analyzed. Through the literature review, elements of physical environments, social factors, experience, and people were defined as the placeness of traditional markets. Based on the aforementioned, specific elements to archive traditional markets were thus suggested.