SEOUL, Dec. 21 (Korea Bizwire) — Street vendors in Myeongdong, a major shopping district in downtown Seoul, will be closed on Christmas Eve as part of crowd management measures, officials said Wednesday. A total of 362 vendors have agreed with the office of Junggu Ward covering the district to keep their businesses closed on the [...]
SEOUL, Nov. 17 (Korea Bizwire) — Myeongdong, a popular tourist and shopping district in Seoul, is showing signs of revival after a long slump due to the COVID-19 pandemic. The vacancy rate of small commercial buildings within the district stood at 36.9 percent in the third quarter of this year, down 6.4 percentage points from [...]
SEOUL, July 21 (Korea Bizwire) — It’s time to get ready for the summer holiday season, but shops in Myeongdong, a major shopping district in downtown Seoul, remain eerily quiet with “For Lease” signs attached to many storefronts along the main road. Long gone are the days when clerks at cosmetic shops promoted new products [...]
SEOUL, Jan. 31 (Korea Bizwire) — While most people were wearing facial masks in Myeongdong — one of Seoul’s most popular shopping districts — streets were far from deserted. The one-square-kilometer area was still vibrant, with shops ranging from K-beauty brands to duty-free shops that were crowded with foreign tourists and locals. So far, South [...]
SEOUL, Nov. 19 (Korea Bizwire) — Jungle gym-shaped ‘Media Art Trees’ will be installed at different locations in Seoul’s popular Myeongdong shopping neighborhood, according to local authorities. The ‘Media Art Trees’, which will also serve as Christmas trees, will be displayed in three locations — in front of Myeongdong Cathedral, in front of Myeongdong Arts [...]
SEOUL, Jan. 25 (Korea Bizwire) — Foreign tourists have varying tastes when it comes to sightseeing spots in Seoul, depending on their nationality, a research paper showed Friday. Visitors from Asia prefer Myeongdong, one of the capital’s main shopping districts, while European and American tourists are most impressed by royal palaces, according to the paper [...]
SEOUL, May 31 (Korea Bizwire) — Cosmetic chain Nature Republic’s flagship store in Myeongdong has been named the most expensive commercial property in South Korea for the 15th consecutive year. According to data released by the Ministry of Land, Infrastructure and Transport (MOLIT), the official government appraisal of the land currently housing the Nature Republic [...]
SEOUL, April 2 (Korea Bizwire) — South Korean department stores are ramping up efforts to attract male customers, whose growing numbers are changing the retail landscape. According to data from Shinsegae Department Store, male customers, which accounted for 28.1 percent in 2010, now represent just over 34 percent of the major department store’s customer base. Sales [...]
SEOUL, March 13 (Korea Bizwire) — The Seoul Metropolitan Government said on March 12 that it is preparing to build prayer rooms for Muslims in a couple of the city’s major tourist areas, with the rooms expected to be available for use as early as this summer. The reason South Korea’s largest city is rolling [...]
SEOUL, November 16 (Korea Bizwire) – A new report has revealed that Myeongdong is the 8th most expensive place for commercial rents in the world, following the likes of Fifth Avenue in New York and Causeway Bay in Hong Kong. Global property consulting firm Cushman & Wakefield named Myeongdong, one of the biggest shopping districts in [...]