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Retail MarketBeat Report

Suki Kim • 19/05/2026
The overall Seoul high street vacancy rate stood at 8.8% in Q1 2026, falling 1.9 pp y-o-y, maintaining a stable market trend. Foreign tourist arrivals reached approximately 4.76 million in Q1, a new quarterly record, generating sustained vitality across key retail districts. Myeongdong saw a rapid expansion of pharmacies targeting foreign visitors, driving a notable shift in the district's tenant mix.

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