2022. 08. 25 · Byungki Koh
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Providing Up-to-date news and contents of Korean commercial real estate market including investment, REITs and market players.
Seongsu-dong was designated a semi-industrial zone in 1960 by Seoul city planners, and has traditionally housed hardware stores, printing presses, car repair shops, and cobbler shops. But about a decade ago, the former factory spaces were converted into fancy cafes and restaurants, attracting a large number of Seoulites. Everyone from large corporations and start-ups to companies that have become popular with young adults like Musinsa and Gentle Monster are all setting up offices in Seongsu-dong, bringing the area attention as a newly emerging office district. Seongsu-dong attracted a large amount of institutional and foreign investment starting in around 2020. Many big players have already entered Seongsu-dong, such as the Government […]
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Content Editor, Seoul Property Insight(SPI)
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