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SPI Weekly Korean Market Update(4/18~4/24)

2022. 04. 25 · SPI
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Providing Up-to-date news and contents of Korean commercial real estate market including investment, REITs and market players.

Sewoon Shopping Center to be Revitalized after 11-year Hiatus The Sewoon Shopping Center development has finally begun. On the 21st, the Seoul Metropolitan Government announced their ‘Green Ecological Urban Re-creation Strategy’ that will transform the downtown area by adding high-density, mixed-use development along with additional green space. The development will start with the reorganization of the Sewoon district. 440,000 square meters of the Sewoon district in Jongno-gu, which extends from Jongmyo Shrine to Toegye-ro, will be reorganized to create approximately 140,000 square meters of additional green space and parks. It is the first development to be undertaken in 11 years, since the Sewoon Shopping Center was designated for historical conservation […]

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