Myeongdong Reaches Retail Vacancy Rate of More than 40 pct with Tourists Gone

SEOUL, July 29 (Korea Bizwire) — With strong social distancing measures enforced to limit the spread of the coronavirus, the number of vacant commercial properties is on the rise, and rents are falling. The Korea Real Estate Board reported a 9.5 percent vacancy rate for large-sized stores and a 6.5 percent vacancy rate for small [...]