![[Photo] Closed Doors in Myeongdong](http://www.asiae.co.kr/news/img_view.htm?img=2021042910114613696_1619658706.jpg)
Due to the prolonged COVID-19 pandemic, vacant stores have been steadily increasing in major commercial districts. Myeongdong, Seoul's representative shopping area, is severely affected, with 4 out of 10 stores empty. According to the "2021 Q1 Commercial Real Estate Lease Trend Survey" released by the Korea Real Estate Board, the vacancy rate for medium to large stores in Myeongdong was recorded at 38.4%. Notices such as rental inquiries, temporary closures, and business termination are posted on Myeongdong shops. /Reporter Mun Ho-nam munonam@
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