{"id":12342,"date":"2025-03-24T13:32:36","date_gmt":"2025-03-24T04:32:36","guid":{"rendered":"https:\/\/remaxkorea.co.kr\/?p=12342"},"modified":"2025-03-31T17:23:01","modified_gmt":"2025-03-31T08:23:01","slug":"%eb%b6%80%eb%8f%99%ec%82%b0%ec%83%81%ec%8b%9d2-2504","status":"publish","type":"post","link":"http:\/\/remaxkorea.co.kr\/en\/%eb%b6%80%eb%8f%99%ec%82%b0%ec%83%81%ec%8b%9d2-2504\/","title":{"rendered":"Real Estate Knowledge: Beyond Resurrection to Leap Forward \u2013 Present and Future of Myeongdong Commercial District"},"content":{"rendered":"<div data-elementor-type=\"wp-post\" data-elementor-id=\"12342\" class=\"elementor elementor-12342\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-0e86b0e elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"0e86b0e\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7e4dd6b\" data-id=\"7e4dd6b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7814cac elementor-widget elementor-widget-text-editor\" data-id=\"7814cac\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.19.0 - 28-02-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>Myeongdong, a central commercial district that has continued since the Japanese colonial period<br \/>Myeongdong was the main residential area for Japanese people during the Japanese colonial period. <br \/>Against this backdrop, director Im Kwon-taek&#039;s 1990 film The General&#039;s Son is set in the Myeong-dong and Jongno areas, showing that these areas were commercial and cultural centers at the time.<br \/>Even I, who was called a member of &#039;Generation X&#039;, often bring up the memory of watching the movie at the time and excitedly chatting with my friends, saying, &quot;Who will get caught today?&quot; while drinking.<br \/>In this movie, Hayashi&#039;s &#039;Honmachi Gang&#039;, which appeared as a villain, was a gang based in &#039;Honmachi&#039; as its name suggests. This name is written in Japanese kanji as &#039;\u672c\u753a (Honcho)&#039;, and &#039;\u672c (Bon)&#039;, which is pronounced as &#039;hon&#039; in Japanese, means &#039;root&#039; or &#039;center&#039;. &#039;\u753a (machi)&#039; is the name of an administrative district, so &#039;Honmachi&#039; can be guessed to mean &#039;the area that is the center (root)&#039;.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2e909dc elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2e909dc\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-a49355e\" data-id=\"a49355e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-27330b5 elementor-widget elementor-widget-image\" data-id=\"27330b5\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.19.0 - 28-02-2024 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"206\" height=\"300\" src=\"https:\/\/remaxkorea.co.kr\/wp-content\/uploads\/2025\/03\/DPK04329A_01-206x300.jpg\" class=\"attachment-medium size-medium wp-image-12349\" alt=\"\" srcset=\"https:\/\/remaxkorea.co.kr\/wp-content\/uploads\/2025\/03\/DPK04329A_01-206x300.jpg 206w, https:\/\/remaxkorea.co.kr\/wp-content\/uploads\/2025\/03\/DPK04329A_01-8x12.jpg 8w, https:\/\/remaxkorea.co.kr\/wp-content\/uploads\/2025\/03\/DPK04329A_01.jpg 275w\" sizes=\"(max-width: 206px) 100vw, 206px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-48b370b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"48b370b\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-cfc9161\" data-id=\"cfc9161\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-95b6402 elementor-widget elementor-widget-text-editor\" data-id=\"95b6402\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>&lt;The General&#039;s Son&gt; poster source: Korean Film Archive<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8a7f7f5 elementor-widget elementor-widget-text-editor\" data-id=\"8a7f7f5\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>&#039;Honmachi&#039; is the area near present-day Chungmuro, and &#039;Meijicho (\u660e\u6cbb\u753a; Meiji-cho)&#039; is the area near present-day Myeongdong (\u660e\u6d1e). It seems that the Japanese at the time named the areas after the meaning of the &#039;center&#039; where they lived and the names of the Meiji Restoration and the Meiji Emperor, which were symbols of Japan&#039;s enlightenment (since both the meaning of the &#039;center&#039; and the name of the Emperor were used, it is possible to infer what the Japanese at the time thought of the area and its status).<br \/>These two areas were the main residential areas and commercial centers of the Japanese during the Japanese colonial period, and even after liberation in 1945, they continued to play a central role and maintain their status as the center of Seoul.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a6a191f elementor-widget elementor-widget-text-editor\" data-id=\"a6a191f\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><strong>Myeongdong, Seoul&#039;s central business district (CBD)<\/strong><br \/>Myeongdong is one of the three central business districts (CBD)* in Seoul and has great commercial importance. In Seoul, only Myeongdong and Euljiro are classified as &#039;central commercial districts&#039;, while most other areas are classified as &#039;general commercial districts&#039;.<br \/>Before the pandemic, Myeong-dong was the largest commercial district in Korea, bustling with domestic consumption as well as Chinese and Japanese tourists, but after the pandemic, it experienced a severe recession and the vacancy rate increased. There was a time when there were concerns that &#039;Myeong-dong is not the same as before,&#039; but recently, it has recovered quickly and is receiving attention again. <br \/>The vacancy rate of Myeongdong in 2023 was 14.5%, but it decreased significantly to 6.8% in the second quarter of 2024, and decreased to 4.4% in the fourth quarter of 2024, recovering to the pre-pandemic level. This change is due to the increase in tourists and the active entry of global brands. In particular, &#039;Myeongdong-gil&#039;, which is connected to Myeongdong Cathedral, and &#039;Myeongdong 8-gil&#039;, which is connected to Myeongdong Station on Subway Line 4, are the core streets of the Myeongdong commercial district, crowded with foreign tourists day and night.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-055913e elementor-widget elementor-widget-text-editor\" data-id=\"055913e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>*Seoul&#039;s three major central business districts: CBD (Central Business District), GBD (Gangnam Business District), YBD (Yeouido Business District)<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-14deb99 elementor-widget elementor-widget-image\" data-id=\"14deb99\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"768\" height=\"432\" src=\"https:\/\/remaxkorea.co.kr\/wp-content\/uploads\/2025\/03\/\ub9ac\ub9e5\uc2a4\uc800\ub1102025-4\uc6d4-1-\ud45c1-768x432.png\" class=\"attachment-medium_large size-medium_large wp-image-12350\" alt=\"\" srcset=\"https:\/\/remaxkorea.co.kr\/wp-content\/uploads\/2025\/03\/\ub9ac\ub9e5\uc2a4\uc800\ub1102025-4\uc6d4-1-\ud45c1-768x432.png 768w, https:\/\/remaxkorea.co.kr\/wp-content\/uploads\/2025\/03\/\ub9ac\ub9e5\uc2a4\uc800\ub1102025-4\uc6d4-1-\ud45c1-300x169.png 300w, https:\/\/remaxkorea.co.kr\/wp-content\/uploads\/2025\/03\/\ub9ac\ub9e5\uc2a4\uc800\ub1102025-4\uc6d4-1-\ud45c1-1024x577.png 1024w, https:\/\/remaxkorea.co.kr\/wp-content\/uploads\/2025\/03\/\ub9ac\ub9e5\uc2a4\uc800\ub1102025-4\uc6d4-1-\ud45c1-18x10.png 18w, https:\/\/remaxkorea.co.kr\/wp-content\/uploads\/2025\/03\/\ub9ac\ub9e5\uc2a4\uc800\ub1102025-4\uc6d4-1-\ud45c1-800x450.png 800w, https:\/\/remaxkorea.co.kr\/wp-content\/uploads\/2025\/03\/\ub9ac\ub9e5\uc2a4\uc800\ub1102025-4\uc6d4-1-\ud45c1.png 1197w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-99bf080 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"99bf080\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-2b02376\" data-id=\"2b02376\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2c7288e elementor-widget elementor-widget-text-editor\" data-id=\"2c7288e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><strong>Myeongdong as the center of the tourism industry<\/strong><br \/>The CBD area has great appeal to foreign tourists, with historical tourist attractions such as Gyeongbokgung Palace and Deoksugung Palace, natural environment resources such as Bukhansan Mountain, Inwangsan Mountain, and Bukaksan Mountain hiking trails and trails, and traditional streets such as Bukchon Hanok Village and Jongno&#039;s Ikseon-dong, Insa-dong, and Seochon.<br \/>In addition, it is well-equipped with infrastructure for transportation, accommodation, and shopping, and is positioned as a center leading tourism consumption. <br \/>The Myeongdong area, consisting of Myeongdong 2-ga and Chungmuro 1 and 2-ga, has 8 out of the top 10 land parcels in terms of assessed land price nationwide, and also has the highest rent.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-77d70aa elementor-widget elementor-widget-image\" data-id=\"77d70aa\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"768\" height=\"747\" src=\"https:\/\/remaxkorea.co.kr\/wp-content\/uploads\/2025\/03\/\ub9ac\ub9e5\uc2a4\uc800\ub1102025-4\uc6d4-2-\ud45c2-768x747.png\" class=\"attachment-medium_large size-medium_large wp-image-12351\" alt=\"\" srcset=\"https:\/\/remaxkorea.co.kr\/wp-content\/uploads\/2025\/03\/\ub9ac\ub9e5\uc2a4\uc800\ub1102025-4\uc6d4-2-\ud45c2-768x747.png 768w, https:\/\/remaxkorea.co.kr\/wp-content\/uploads\/2025\/03\/\ub9ac\ub9e5\uc2a4\uc800\ub1102025-4\uc6d4-2-\ud45c2-300x292.png 300w, https:\/\/remaxkorea.co.kr\/wp-content\/uploads\/2025\/03\/\ub9ac\ub9e5\uc2a4\uc800\ub1102025-4\uc6d4-2-\ud45c2-1024x996.png 1024w, https:\/\/remaxkorea.co.kr\/wp-content\/uploads\/2025\/03\/\ub9ac\ub9e5\uc2a4\uc800\ub1102025-4\uc6d4-2-\ud45c2-1536x1494.png 1536w, https:\/\/remaxkorea.co.kr\/wp-content\/uploads\/2025\/03\/\ub9ac\ub9e5\uc2a4\uc800\ub1102025-4\uc6d4-2-\ud45c2-12x12.png 12w, https:\/\/remaxkorea.co.kr\/wp-content\/uploads\/2025\/03\/\ub9ac\ub9e5\uc2a4\uc800\ub1102025-4\uc6d4-2-\ud45c2.png 1936w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-442a2a7 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"442a2a7\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-66fdbdc\" data-id=\"66fdbdc\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-beef333 elementor-widget elementor-widget-text-editor\" data-id=\"beef333\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><strong>Myeongdong transforms into an international commercial center<\/strong><br \/>Myeongdong is transforming from a simple shopping center to an international commercial center. Starting December 28, 2023, the Ministry of the Interior and Safety has designated Myeongdong as the &#039;2nd Outdoor Advertisement Free Zone&#039; and is promoting the &#039;Myeongdong Square Construction Project&#039;. <br \/>The project aims to transform Myeongdong into a global tourist attraction like New York&#039;s Times Square by installing large digital billboards and smart streetlights. <br \/>For this purpose, a budget of approximately 170 billion won will be invested, and the Myeongdong Media Cluster (MMC) will be established, and the world\u2019s largest display, smart streetlights, etc. will be installed in stages to create digital signage. According to this plan, small plazas appropriate for the name \u201csquare\u201d will be created at four locations: Euljiro 1-ga Station intersection, Myeongdong-gil, Lotte Department Store-Myeongdong-gil entrance, and around Shinsegae Department Store main branch.<br \/>The Myeongdong Square project will be carried out in three phases. The first phase (2024-2025) is divided into an introduction phase, which will involve building infrastructure and introducing ICT technology. The second phase (2026-2028) is the expansion phase, which will involve building a reinvestment base and local ecosystem. The completion phase, which will last until 2033, will involve completing the local landmark and stabilizing the local ecosystem.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c0885fa elementor-widget elementor-widget-image\" data-id=\"c0885fa\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"185\" src=\"https:\/\/remaxkorea.co.kr\/wp-content\/uploads\/2025\/03\/image02-300x185.png\" class=\"attachment-medium size-medium wp-image-12353\" alt=\"\" srcset=\"https:\/\/remaxkorea.co.kr\/wp-content\/uploads\/2025\/03\/image02-300x185.png 300w, https:\/\/remaxkorea.co.kr\/wp-content\/uploads\/2025\/03\/image02-18x12.png 18w, https:\/\/remaxkorea.co.kr\/wp-content\/uploads\/2025\/03\/image02.png 637w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a1f5951 elementor-widget elementor-widget-image\" data-id=\"a1f5951\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/remaxkorea.co.kr\/wp-content\/uploads\/2025\/03\/0._\uc378\ub124\uc77c_\ubcf5\uc0ac-300x300.png\" class=\"attachment-medium size-medium wp-image-12352\" alt=\"\" srcset=\"https:\/\/remaxkorea.co.kr\/wp-content\/uploads\/2025\/03\/0._\uc378\ub124\uc77c_\ubcf5\uc0ac-300x300.png 300w, https:\/\/remaxkorea.co.kr\/wp-content\/uploads\/2025\/03\/0._\uc378\ub124\uc77c_\ubcf5\uc0ac-150x150.png 150w, https:\/\/remaxkorea.co.kr\/wp-content\/uploads\/2025\/03\/0._\uc378\ub124\uc77c_\ubcf5\uc0ac-768x768.png 768w, https:\/\/remaxkorea.co.kr\/wp-content\/uploads\/2025\/03\/0._\uc378\ub124\uc77c_\ubcf5\uc0ac-12x12.png 12w, https:\/\/remaxkorea.co.kr\/wp-content\/uploads\/2025\/03\/0._\uc378\ub124\uc77c_\ubcf5\uc0ac-600x600.png 600w, https:\/\/remaxkorea.co.kr\/wp-content\/uploads\/2025\/03\/0._\uc378\ub124\uc77c_\ubcf5\uc0ac.png 966w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-32f82f8 elementor-widget elementor-widget-text-editor\" data-id=\"32f82f8\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Source: Seoul Jung-gu Office Blog<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-f2fe758 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f2fe758\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-ea029b1\" data-id=\"ea029b1\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-477a58b elementor-widget elementor-widget-text-editor\" data-id=\"477a58b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><strong>The future of Myeongdong, changes in the real estate market<\/strong><br \/>The real estate market in Myeongdong is changing rapidly.<br \/>Global brands in sports, fashion, cosmetics, and multi-shops already have flagship stores in Myeongdong, and are planning and executing remodeling and additional store openings. <br \/>Large commercial buildings located at the entrance of Myeongdong-gil, the core area of Myeongdong, are also undergoing remodeling to accommodate this. Discount store brand D, which grew mainly in the domestic market and has recently become popular in the global market, has completed preparations for opening a store in the core area of Myeongdong, and the store of global sports brand F, which was located on a back road of Myeongdong 8-gil, which had low visibility and was not on the main traffic line, is undergoing remodeling to move to a flagship store. In addition, so-called \u2018hot\u2019 brands such as M and L are advancing into Myeongdong, and fashion accessory brand B, which sells glasses and sunglasses, is also actively advancing into the market by opening two stores in Myeongdong. <br \/>These changes suggest that Myeongdong is a vibrant commercial center.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-97b1dc9 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"97b1dc9\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-fc9c553\" data-id=\"fc9c553\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2f9a628 elementor-widget elementor-widget-image\" data-id=\"2f9a628\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"966\" height=\"1184\" src=\"https:\/\/remaxkorea.co.kr\/wp-content\/uploads\/2025\/03\/SE-2b2a085d-f718-4faa-89ac-802acd059724.png\" class=\"attachment-full size-full wp-image-12354\" alt=\"\" srcset=\"https:\/\/remaxkorea.co.kr\/wp-content\/uploads\/2025\/03\/SE-2b2a085d-f718-4faa-89ac-802acd059724.png 966w, https:\/\/remaxkorea.co.kr\/wp-content\/uploads\/2025\/03\/SE-2b2a085d-f718-4faa-89ac-802acd059724-245x300.png 245w, https:\/\/remaxkorea.co.kr\/wp-content\/uploads\/2025\/03\/SE-2b2a085d-f718-4faa-89ac-802acd059724-835x1024.png 835w, https:\/\/remaxkorea.co.kr\/wp-content\/uploads\/2025\/03\/SE-2b2a085d-f718-4faa-89ac-802acd059724-768x941.png 768w, https:\/\/remaxkorea.co.kr\/wp-content\/uploads\/2025\/03\/SE-2b2a085d-f718-4faa-89ac-802acd059724-10x12.png 10w\" sizes=\"(max-width: 966px) 100vw, 966px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-aed85af\" data-id=\"aed85af\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7f5317f elementor-widget__width-initial elementor-widget elementor-widget-image\" data-id=\"7f5317f\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"966\" height=\"543\" src=\"https:\/\/remaxkorea.co.kr\/wp-content\/uploads\/2025\/03\/\ub300\ud45c\uc870\uac10\ub3c42.jpeg\" class=\"attachment-large size-large wp-image-12347\" alt=\"\" srcset=\"https:\/\/remaxkorea.co.kr\/wp-content\/uploads\/2025\/03\/\ub300\ud45c\uc870\uac10\ub3c42.jpeg 966w, https:\/\/remaxkorea.co.kr\/wp-content\/uploads\/2025\/03\/\ub300\ud45c\uc870\uac10\ub3c42-300x169.jpeg 300w, https:\/\/remaxkorea.co.kr\/wp-content\/uploads\/2025\/03\/\ub300\ud45c\uc870\uac10\ub3c42-768x432.jpeg 768w, https:\/\/remaxkorea.co.kr\/wp-content\/uploads\/2025\/03\/\ub300\ud45c\uc870\uac10\ub3c42-18x10.jpeg 18w, https:\/\/remaxkorea.co.kr\/wp-content\/uploads\/2025\/03\/\ub300\ud45c\uc870\uac10\ub3c42-800x450.jpeg 800w\" sizes=\"(max-width: 966px) 100vw, 966px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-765b2b3 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"765b2b3\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-d791f87\" data-id=\"d791f87\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-44a66b6 elementor-widget elementor-widget-text-editor\" data-id=\"44a66b6\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Smart streetlights, Following Media bird&#039;s-eye view and Namdaemun-ro and Myeongdong-gil bird&#039;s-eye view Source: Seoul Jung-gu Office Blog<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5a6a7b9 elementor-widget elementor-widget-text-editor\" data-id=\"5a6a7b9\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><strong>Why you should invest in Myeongdong CBD area<\/strong><br \/>As a member of Remax Meister, I can feel the changes in Myeong-dong firsthand. Despite the domestic economic recession, Myeong-dong is undergoing positive changes. Changes are occurring in the real estate transactions of Myeong-dong, which were relatively conservative, and demand for key commercial districts is increasing. Due to the increase in the influx of tourists, there is a shortage of accommodation demand and supply, and the tourism consumption industry, represented by medical and beauty, is driving the Myeong-dong commercial district. In the core areas of the Myeong-dong commercial district, Myeong-dong-gil and Myeong-dong 8-gil, there are increasing assets that are changing hands or preparing for such changes, and these assets are receiving attention from individuals and companies who wish to purchase or lease them due to the symbolism of Myeong-dong, future investment value, current rate of return, and other investment appeals of each asset, and various consulting on transactions and businesses and purchases and sales are in progress. <br \/>However, real estate in Myeongdong is not all positive. Although the vacancy rate is low, there are vacancies even in the first floor commercial areas of Myeongdong-gil and Myeongdong 8-gil, which are key areas, and there are long-term vacancies outside of key areas. <br \/>High land prices and rental costs can pose risks to investors and operators. There is also uncertainty in that the tourism industry relies on contingent risks such as a decline in the popularity of K-content or a pandemic. <br \/>It can also be mentioned that large-scale development that can increase real estate value by making the most of the conditions of the central commercial area may be difficult due to the concentration of small areas, high price structure, interaction of vested interests, and rapid increase in development costs.<br \/>However, considering the low birth rate problem and population crisis in Korea, the value of core commercial areas including Myeongdong will not easily fall. Rather, just like the investment trend in Gangnam area apartments, which were represented by &#039;smart one-house&#039;, the concentration of economic activities due to population structure is likely to be further concentrated in core areas. <br \/>The CBD area, including Myeongdong, is always worth paying attention to for real estate investors, and it is important to understand the changes and timing.<br \/><br \/><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ebdefcc elementor-widget elementor-widget-text-editor\" data-id=\"ebdefcc\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><strong>Remax Master, CBD Area Expert<\/strong><br \/>Remax Meister, where I work, is located in Mugyo-dong, Jung-gu, Seoul, and provides customized 1:1 real estate consulting based on deep understanding and expertise in central commercial areas of Seoul, including Myeong-dong.<br \/>Remax Meister provides accurate analysis and strategies on the domestic and international real estate markets based on extensive data from experienced real estate experts, and suggests optimized investment and business strategies to customers.<\/p><p><br \/>For inquiries call 1533-3088<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"<p>\uc77c\uc81c\uac15\uc810\uae30\ubd80\ud130 \uc774\uc5b4\uc838 \uc628 \uc911\uc2ec \uc0c1\uad8c, \uba85\ub3d9\uba85\ub3d9\uc740 \uc77c\uc81c\uac15\uc810\uae30 \uc77c\ubcf8\uc778\ub4e4\uc758 \uc8fc\uc694 \uac70\uc8fc\uc9c0\uc600\ub358 \uc9c0\uc5ed\uc774\ub2e4. \uc774\ub97c \ubc30\uacbd\uc73c\ub85c \ud55c \uc784\uad8c\ud0dd \uac10\ub3c5\uc758 1990\ub144 \uac1c\ubd09\uc791 &lt;\uc7a5\uad70\uc758 \uc544\ub4e4&gt;\uc740 \uba85\ub3d9\uacfc \uc885\ub85c \uc9c0\uc5ed \ubc30\uacbd\uc73c\ub85c \ub2f9\uc2dc \uc774 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