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Office Rents in Seoul Increasing at Second-Highest Rate in Asia

Office Rents in Seoul Increasing at Second-Highest Rate in Asia

SEOUL, June 4 (Korea Bizwire) – A recent study found that the rate of increase for office rents in Seoul was the second-highest in Asia, among 19 major cities. According to a study conducted by major U.K. real estate consulting corporation Knight Frank, rents in Seoul during this year’s first quarter increased by 2.6 percent compared [...]

Seoul City to Revitalize Seochon

Seoul City to Revitalize Seochon

SEOUL, Jan. 6 (Korea Bizwire) – The Seoul Metropolitan Government said Wednesday it will embark on projects to restore and beautify a neighborhood of traditional Korean houses in central Seoul. The city government plans to build historic cultural streets in Seochon, or “western village,” which stretches out from the western wing of Gyeongbok Palace and [...]

Feeding Facilities for Stray Cats Established at 4 Parks

Feeding Facilities for Stray Cats Established at 4 Parks

SEOUL, Nov.20 (Korea Bizwire) – Twenty seven facilities to feed stray cats will be established at four parks in the metropolitan area, including Seoul Forest and World Cup Park. The Seoul Metropolitan Government announced that it will be managing feeding facilities for stray cats. The facilities will be run in cooperation with animal related non-governmental [...]

Seoul Awards Honorary Citizenship to Berggruen and 16 Others

Seoul Awards Honorary Citizenship to Berggruen and 16 Others

SEOUL, Oct. 29 (Korea Bizwire) — The city of Seoul awarded honorary citizenship to 17 foreigners including “the homeless billionaire” Nicolas Berggruen on Wednesday in recognition of their contributions to the metropolis. Berggruen, a philanthropist and investor who is known by the nickname because he lives in hotels without owning a house, was one of [...]

Seoul City Ratchets up Warnings over Safety of Lotte’s New Skyscraper

Seoul City Ratchets up Warnings over Safety of Lotte’s New Skyscraper

SEOUL, Jan. 5 (Korea Bizwire) – Any occurrence of additional safety accidents will lead to the shutdown of Lotte Group’s new skyscraper in the southern district of Jamsil, the city of Seoul warned Monday, after a series of safety problems escalated concerns over the recently-opened shopping complex. The retail giant opened the completed lower parts [...]

Seoul City and Naver Restore Secondhand Bookstores near Cheonggyecheon

Seoul City and Naver Restore Secondhand Bookstores near Cheonggyecheon

SEOUL, Oct. 9 (Korea Bizwire) –As walking along Cheonggyecheon, a stream that runs through downtown Seoul, you meet many used bookstores where books are piled up like towers. Now only 25 bookstores remain, unlike 200 in their heyday, 1960s through 1970s. Moreover, there are only about 100 secondhand bookstores in the Seoul metro area. Although [...]