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Myeongdong is One of Seoul’s Main Shopping Districts

Myeongdong is one of Seoul’s main shopping districts featuring mid-to-high priced retail stores and international brand outlets, including Lacoste, Polo Ralph Lauren, Forever 21, Bulgari, Louis Vuitton and Nature Republic. It is a particularly popular area for young people and tourists as a center for fashion and sight-seeing.Several large shopping centers and department stores are in the district including Lotte Department Store, Shinsegae Department Store, Migliore, M Plaza, and Noon Square. The floating population of Myeongdong is estimated to be around 2 million a day and in terms of floorspace rents, Myeongdong is one of the most expensive shopping districts in the world. Many hotels, restaurants, cinemas, theaters, and historical sites complete the diverse mixture of the area.

Seoul’s financial hub is divided between here and Yeouido where the Korea Stock Exchange is located. Major insurance, securities, financial services companies, and investment firms with headquarters in Myeongdong include Citibank, SK Corporation, Kookmin Bank, Korea Exchange Bank, Lone Star Funds, Sumitomo Mitsui Banking Corporation, AIG Korea Insurance, Hana Bank, and HSBC. The Bank of Korea is also in the vicinity.

Other notable landmarks in Myeongdong include the Chinese Embassy, YWCA headquarters, UNESCO Hall, Myeongdong Theater, and the oldest Catholic cathedral in Korea, Myeongdong Cathedral.

Except for early morning and late night delivery hours, the main street and most of the alleys are blocked off for pedestrians to roam freely without being hindered by traffic.

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Lotte World The Best Tourist Attraction In Korea

lotteworld.com: Opened in July 12, 1989, Lotte World started the full-fledged theme park era in Korea and is regarded as a world-class theme park along with the Disneyland of the U.S. and Japan. About 8 million visitors come to Lotte World each year, and the total number of visitors exceeded 70 million in April, 2002. About 10 % of the visitors are foreigners, and the number shows the status of Lotte World as a world-renowned tourist spot as well as the most visited theme park domestically.

Theme park is created on a consistent theme throughout the park, including buildings, performances, arades, restaurants and souvenir shops, unlike amusement parks centered on rides. Theme park will provide visitors with a series of fun experiences in a setting different from that of ordinary life. Lotte World opened a full-fledged era of theme park in Korea by opening in July of 1989 with a theme of “Small World” in Korea.

Lotte World is a complex life town(CLT) with a department store, hotel, duty-free shops, large discount store and a fitness center in addition to the theme park. It is a city within a city where people can enjoy tourism, leisure activities, shopping, cultural events and sports all in one place.

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