SEOUL, July 18 (Korea Bizwire) — The site of the former headquarters building of Korea Electric Power Corp. in Seoul’s Gangnam will be up for sale and it remains to be seen who will take the land plot considered one of the best locations in Seoul. In addition, overseas real estate groups such as China’s Greenland Holding [...]
SEOUL, July 6 (Korea Bizwire) –Global IT firms have increasingly settled down in Gangnam district of Seoul, which has struggled with a growing vacancy rate due to the existing tenants’ relocating to other popular business towns such as Pangyo or Gangbuk regions. Over the past year, the number of international firms relocated to Gangnam has [...]
SEOUL, May 22 (Korea Bizwire) – Medical tourism is on the rise as a blue ocean in Korea. On May 21, according to the government and related industries, the number of medical tourists has exceeded 210,000 and local governments are setting up medical tourism complexes aiming to make the magnet of medical tourism. The Ministry [...]
SEOUL, Korea, April 19, 2014 (Korea Bizwire) – Office buildings are becoming more and more hollowed out. In the premium-grade skyscrapers in Seoul, it is rather easy to find empty offices these days. The vacancy rate in buildings in the Yoido district – Seoul’s main business and investment banking area dubbed as “Wall Street of Korea” [...]
SEOUL, Korea, Mar 9, 2014 (Korea Bizwire) – The percentage of apartment homes in Seoul’s Gangnam (including the three districts of Gangnam, Seocho, and Songpa) whose “jeonse” (lump-sum deposit on a rental property) price is in excess of 70 percent of sale price has almost quintupled for the past one year. According to DoctorApt, a [...]
SEOUL, Korea, Feb 19 (Korea Bizwire) – As more people opt to buy imported cars over home-made ones, import car dealerships are opening up everywhere in the country from a narrow confines of Gangnam and other high-income neighborhoods in Seoul. According to data provided by the Korea Automobile Importers & Distributors Association on February 18, [...]
SEOUL, South Korea, Jan. 24 (Korea Bizwire) – The CEO and President of Coex Convention and Exhibition Center in Seoul, part of the city’s World Trade Center, flew to Russia this week to sign an MOU with the President of the World Trade Center St. Petersburg. The MOU outlines ways in which the two World [...]
SEOUL, Korea, Oct 25 (Korea Bizwire) – An international trade show on foods, food processing equipment, and food additives will be held for four days between December 5 and 8 at Ilsan’s Kintex. Organized by World Expo Co., the 2013 World Food Expo will be a marketplace for farm produce, fishery, and dairy foods, as [...]
SEOUL, Korea, Oct 22 (Korea Bizwire) – Instagram, an online photo-sharing, video-sharing, and social networking service, introduced on October 18 on its main page pictures of Garosu-gil, a street in Seoul’s Gangnam famous for upscale clothiers, cafes, and restaurants, and said this is the place to find out the latest fashion trend in Seoul. Fashion [...]
SEOUK, Korea, Sep 14 (Korea Bizwire) – Seoul’s trendy youths in their 20s and 30s tend to have meals on Serogu-gil but splurge on latest fashion items on Garosu-gil, both located in toniest parts of Gangnam. According to credit card company BC Card on September 11 based on data collected from credit card transactions of [...]