SEOUL -- The Myeongdong shopping district in downtown Seoul has mostly recovered from the pain of COVID-19, bustling once again as foreign tourists return and help boost store rents.
Property
Return of foreigners saves properties in Seoul's main shopping district
Skyrocketing vacancy rates in Myeongdong have started to come down to earth
The vacancy rate in Myeongdong looks to be about 10% to 20% these days, with no vacant stores visible on the main street. (Photo by Kotaro Hosokawa)
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