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2024 Seoul High Street Retail Report

Suki Kim • 17/10/2024
Seoul high street retail market showed a gradual recovery in 2024 compared to 2023. Notably, Myeong-dong saw a significant improvement in its vacancy rate with the increase in foreign tourists, while Garosugil experienced a slight rise in vacancies. Myeong-dong stands out as the most visited commercial district by foreign tourists, with a particular interest in K-beauty, leading to the opening of many cosmetic stores. All six major districts recovered to pre-pandemic sales levels in the first half of 2024, with medical businesses showing remarkable sales growth across all districts.

Learn more in the 2024 Seoul High Street Retail that highlights:

• Overview of the Korean retail market
• Key takeaways for 2024
• A deep dive into the Seoul high streets and tenant trends

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Recent Insights

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Insights

2024 Seoul High Street Retail Report

Seoul high street retail market showed a gradual recovery in 2024 compared to 2023.
Suki Kim • 17/10/2024
2023 Seoul High Street Retail_card image.jpg
Insights

2023 Seoul High Street Retail Report

Major commercial districts in Seoul have been revitalized since the reopening.
Suki Kim • 18/10/2023
2022 Seoul High Street Retail_card image.png
Insights

2022 Seoul High Street Retail Report

With the global retail market experienced an unprecedented crisis due to COVID-19, Seoul has shown signs of recovery from a prolonged recession.
Suki Kim • 30/09/2022

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