globe retail outlook data

 

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Retail By City

city rank #15

City Overview

The major retail districts in Seoul are mostly clustered around the central business district (CBD). Myeongdong, Seoul's leading retail hub, is immediately adjacent to the CBD and contains a number of high-end department stores and street shops with local and international mid-market brands. Insadong and Samcheongdong both cater to shoppers of traditional Korean clothing, art, and antiques. Namdaemun, also within walking distance of the CBD, accommodates a large number of lower-end owner/operator stores. Dongdaemun targets local residents and younger shoppers hunting for affordable and fashionable local brands. Shinchon, home to several universities such as Yonsei University and Hongik University, is a very vibrant area with an active student nightlife and also targets younger consumers looking for bargains. Itaewon and Hannam-dong are expat clusters with various night entertainments and accessible luxury shops. South of the Han River in Gangnam area, flagship stores for luxury brands are mainly located in Cheongdamdong, and Garosu-gil is quickly becoming the hotspot for global SPA brands to open their new stores. Koreans have also begun to demand more entertainment options as part of the shopping experience, resulting in large western-style shopping malls with shopping, dining, and recreational facilities such as cinemas. Time Square in Yongdeungpo, IFC mall in Yeouido, and Starfield COEX Mall in GBD are good examples.

Things to do

See

Work

Seoul Finance Center, Center 1, Gangnam Finance Center, Seoul IFC, D Tower, Gran Seoul, Centropolis


Rest

Yeouido Park, Han River Park, Samcheong-dong, Insa-dong, Namsan, Seoul Forest


And be seen

Eat

Gaon, Gotgan, Mingles, Pierre Gagnaire à Seoul, La-Yeon, Kwon Sook Soo, JUNGSIK


Drink

Le Chamber, Charles H, Once in a Blue Moon


Be Merry

D.Bridge Lounge, The Fountain, GLAM lounge, Octagon, Soap, JJ Mahoneys


Other Cities in South Korea

Contact Us

Ryan Kim
21st Floor SC Bank Building
47 Jong-ro, Jongno-gu
+82 2 2170 6151 | ryan.kim2@cbre.com