Weekly Korean Market Update (8/22~8/28)

2022. 08. 29 · SPI

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

Seoul Promotes Undergrounding of Seoul Station, Above-ground Facility Replaced by Retail and Culture Complex The government is pushing ahead with plans to move Seoul Station underground and create a retail and cultural complex on the site above the station. The Korea National Railway has requested a feasibility review for the ‘comprehensive development’ of Seoul Station. An operations manager will be selected in September and start the review within the fourth quarter of 2022. This review will aid Korea Railway in relocating rails and customer movement lines according to new routes while developing the idle sites left behind. The plan is to create a complex facility space with parks, plazas, business, […]

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Korean Market Update

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