SEOUL, Nov. 21 (Korea Bizwire) – Seoul’s bustling Myeong-dong district has emerged as the ninth most expensive retail location globally, according to a new report by Cushman & Wakefield Korea. The real estate services firm analyzed retail rental prices in 138 major cities, revealing that Myeong-dong’s annual average rent per square meter reached ₩10.32 million, a [...]
SEOUL, Apr. 26 (Korea Bizwire) – A lively street festival transforming the popular Myeong-dong district of Seoul into an open-air “pop-up store” kicks off on April 26, aiming to attract visitors with vibrant displays, performances and collaborative efforts between businesses and the local government. The “Seoul Festa 2024 Myeong-dong Festival” runs through May 6 in the [...]
SEOUL, Feb. 13 (Korea Bizwire) – Cosmetic chain Nature Republic’s flagship store in Myeong-dong has been named the most expensive commercial property in South Korea for the 15th consecutive year, new government data has revealed. According to data released by the Ministry of Land, Infrastructure and Transport on Monday, properties in Myeong-dong dominated the top [...]
SEOUL, Sept. 1 (Korea Bizwire) — Hit by the absence of Chinese tourists over South Korea’s deployment of a politically charged THAAD missile defense system, the future of Seoul’s iconic Myeongdong neighborhood is now shrouded in uncertainty. Reports of the economic damage caused by the lack of Chinese tourists on Myeongdong, a busy shopping district [...]
SEOUL, April 24 (Korea Bizwire) – Tourists prefer different attractions in South Korea depending on where they are from, with those from Asian countries favoring shopping districts like Myeong-dong, while westerners typically prefer historic sites like Gyeongbokgung Palace, a recent report from the Ministry of Culture, Sports and Tourism (MCST) revealed. According to the report released [...]
SEOUL, Feb. 18 (Korea Bizwire) – The Korean Ministry of Culture, Sports and Tourism (MCST) is set to carry out various promotional and safety-related measures as part of preparations for a massive inflow of Chinese tourists during the Spring Festival, China’s most celebrated holiday. The MCST is planning to conduct monitoring, which will be operated by [...]
SEOUL, Aug. 20 (Korea Bizwire) — Line, NHN Group‘s global messenger application company, announced that it opened a “Line Pop-up Store” in Lotte Department Store’s Jamsil branch and will keep the store open until September 10. The store will offer various living goods including mugs and T-shirts designed with Line characters. The products not only include [...]
SEOUL, Aug. 3 (Korea Bizwire) — Garbage cans in Seoul have disappeared from the streets since the implementation of the volume-based waste disposal scheme in 1995, but now the city government looks to re-install them for the first time in 20 years. Only this time, however, the cans will be movable ones. An official in [...]
SEOUL, Korea, April 3 (Korea Bizwire) – A 33 year-old woman surnamed Kim buys beauty products from a road shop in Myeong-dong. One year ago, when she first visited this store, it took a lot of courage because the brand in particular was known to target women in their 20s. However, upon taking a step [...]