This study examines the process in which a specific space in the Old downtown of Jeonju City is called differently and meaningfully by local residents according to the changes of the times. The area of Jungang-dong, Jeonju City, Called0 ‘Wedding Street’, was a commercial and administrative center from the 1950s to the 1990s. Administrative agencies were concentrated near ‘Wedding Street’, so public officials, teachers, and the wealthy used to purchase and repair watches and precious metals. In addition, the street was called “Jewelry Street” because gold and silver shops were concentrated, and it was signified as a women-centered consumption space due to its connection with nearby markets and changes in consumption culture. In “Jewelry Street,” hanbok, brand clothing, precious metals, and expensive luxury goods were mainly traded, and these were linked to the ritual of marriage. So it made the marriage-related industries concentrated on this street. In the 2000s, urban revitalization policies were implemented amid the stagnation of old downtown, and local governments named the street area “Wedding Street” and implemented street maintenance projects. Since then, space reorganization has intensified around marriage-related industries, Accordingly, the consumption and semanticization process of local residents in this street has also been centered on marriage. Wedding Street fell into recession again amid changes in the consumer culture related to marriage. However, with the recent popularity of “-ridan-gil,” it has been called “Weridan-gil,” and the composition of the space has changed into that composed of the restaurants, bars, and cafes aimed to the consumption culture of young merchants and Consumers, and the process of meaning is emerging through SNS. As such, this study reveals the interaction between the subject that makes meaning according to the change of the times and the factors that influence the change of meaning. In addition, This study also showed the dynamics of space composition and practice from the socio-cultural perspective. In addition, it will provide implications for the implementation of various policies to revitalize the original city center nationwide by revealing that administrative-led policy implementation cannot take precedence over voluntary interaction of local people.