[Photo] 4 Out of 10 Places in Myeongdong Are Empty

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 Leasing Trend Survey" released by the Korea Real Estate Board, the vacancy rate for medium to large-sized stores in Myeongdong was recorded at 38.4%. Rental inquiries, temporary closure, and business termination signs are posted on Myeongdong shops. / Reporter Moon Honam munonam@

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