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South Korea Seoul’s Myeong-dong

Seoul’s Myeong-dong district is the ninth most exclusive shopping district in the world, according to an annual study of shopping streets published by the real estate analysis company Cushman & Wakefield. Retail space in the bustling shopping area in central Seoul costs about US $376 per square foot, or €3,169 per square metre. The study finds that Myeong-dong is the fourth most expensive shopping district in Asia, after Hong Kong’s Causeway Bay, Ginza in Tokyo, and Sydney’s Pitt Street Mall.
Myeong-dong is one of the most famous shopping areas in downtown Seoul. Major department stores along with all kinds of shops are found in every corner of Myeong-dong. Taking full advantage of the area’s image as the nation’s biggest shopping district, Myeong-dong has been holding a festival since 1985 in aims to strengthen Myeong-dong’s image of tourist attraction as a world-class shopping place.
To most Koreans, Myeong-doing means more than just a shopping paradise because it is a street of trends and freedom.

This post was written by: Franklin Manuel

Franklin Manuel is a professional blogger, web designer and front end web developer. Follow him on Twitter