Seoul is the capital and largest city of South Korea. Surrounded by mountains, Seoul is a vibrant and fascinating city with a population of over 10 million, It is one of the world’s largest cities. With more than a million registered motor vehicles and dominated by skyscrapers and multi-lane highways, it still manages to maintain a hidden history of ancient temples, palaces, pagodas and peaceful gardens. This ancient city has been the capital of Korea since the 14th century.

Shopping

Seoul is a heaven for shoppers with numerous mega-shopping centers. You can really shop till you drop. Seoul is famous for high quality goods coupled with excellent and reasonable prices.Only one caution: be prepared for large and massive crowds. Usually people including most tourists are polite, but there can be some pushing and shoving at times in and around the major shopping areas.

Namdaemun (The Great South Gate) Market

The downtown Namdaemun Market, the biggest traditional market in Korea (covers about 10 acres), offers everything from ginseng to kimchi to military uniforms. Among the popular items for tourists are clothes, shoes, fabrics, tableware, flowers, ginseng products, toys, and watches. It is a world-famous shopping paradise and an attraction that tourists should not miss. Most shops have their own factories and make the products themselves offering both wholesale and retail at an extremely low prices. Prices are generally 10% to 20% lower than prices at other markets. Hours vary by store, so it’s advisable to plan out in advance according with a shopping list before you start the actual shopping. Wholesalers operate from midnight to 6:00 a.m., and retailers are open from 7:00 a.m. to 5:00 p.m. Although most retailers close their stores on the 1st and 3rd Sundays of each month, many street vendors operate stalls in the alleys. Near the main street to the north of the market there is also an extensive underground arcade. Visitors can get travel information and interpretation guide service in English and Japanese for free.

Yongsan Electronics Market

Yongsan Electronics Market was formed by a host of small electronic dealers and has since developed into the greatest electronic shopping town in the East. It covers a whopping 78,650 square meters in size. It has more than 7,000 shops in 24 shopping centers which includes Electronics Land, Najin, Seonin, Wonhyo and a computer wholesale center. Visitors to this shopping town can enjoy shopping for almost all kinds of the latest electronic products and components, including computers, games and lighting equipment. The prices are about 10 to 30% cheaper for Korean made products, while imported items can go as low as 50% lower than elsewhere. Also, it is possible to receive larger discounts at the beginning of the year, at the beginning of the school year or during holidays. Most major stores are open from 10:00 am to 8:00 pm.

Shinch’on

One of the most famous shopping streets in Seoul, Shinch’on is located within walking distance of 4 universities. The are restaurants, cafes, cinemas and night clubs filled with youths wearing the latest fashions. It was a wild place to be on eve of public holidays.

Insa-dong

If you’re shopping for antiques, Insa-dong is the place. It’s a narrow street lined with antique stores, art galleries and secondhand bookstores. Dubbed “Mary’s Alley” by foreigner to Seoul, Insa-dong is the best place to purchase antiques, reproductions, calligraphy, paintings, and a wide variety of implements and articles from Korea’s past. Traditional teahouses and art galleries are also concentrated in this area.

Itaewon

Itaewon is famous for bargain hunting. If you like to dig through piles of junk to find hidden treasures, this is the place to go. Here you can find branded goods which were rejected for export at very attractive prices. These items are not bad in quality, they just are of irregular or odd sizes.

Apkujong

Apkujong-South of the river (Kangnam) is a place of fashion. It`s the land of upscale Department Stores, funky cool boutiques and luxury branded shops. This is the happening place for the latest in fashion. If you have the money, they have the goods!

Techno Mart

Techno Mart, a large shopping center, is occupied by more than 2,000 electronic shops located from the 1st to 8th floor. You can purchase electronic products, computers, sound systems, communication equipment, CDs and much more. Prices here tend to be 10% to 20% lower than other places.

All things in the article offers a variety of goods from the antiques to the latest in fashion and pricing ranging from bargain prices to top and exclusive prices. As a result, Seoul is truly a heaven for shoppers.

Korea is one of the prime property investment destinations in Asia Pacific. It known as the ‘land of morning calm,’ is situated in a key location in East Asia. Not only is the country’s property market transparent, but the economy itself is very dynamic, offering much scope for growth and development.

The term ‘commercial real estate’ includes properties used for commercial, industrial, medical or educational purposes. Residential properties having more than four residential dwelling units also are considered commercial properties. Commercial properties include hotels, office buildings, shops, retail space, and warehouses.

Commercial property market provides massive investing opportunities. Investing in commercial properties means acquiring commercial properties such as mobile home parks, office buildings, retail properties, and even raw land. Commercial properties often carry a higher degree of risk. It turns out to be beneficial only, if you have a sound knowledge about this market.

The property market in Korea offers you much potential for growth, though the prices of real estate in the country are comparatively high. Korea’s property market prices have seen a rapid rise throughout the country, especially in the Seoul metropolitan area.

In 2002, residential property prices increased a sharp 50% over the previous year and commercial property prices hiked up by about 10%. This upward trend in the property prices is expected to continue for some years. The prices are still higher in such prime locations as Seoul. But, investing in commercial properties in Seoul offers you huge benefits, owing to factors such as the landlord-friendly leasing system, market lucidity, and easy convertibility of capitals.

Seoul, the political and commercial capital of Korea, has a large concentration of all types of commercial properties. The two most prominent business districts of Seoul are Yoido and Kangnam. Yoido is home to a large number of financial institutions including the Korean Stock Exchange.

The demand for the country’s commercial property is growing rapidly among global asset managers. Commercial property market in the country has matured to become more stable, and it is the least volatile in Asia with a steady vacancy rate at 4 percent. Asset managers forecast the Korean commercial property market will continue to expand for two to three years since the demand for office buildings and commercial space is strong, whereas supply is limited.

People invest in the country’s commercial properties mostly in order to provide them for rent or lease. The country’s commercial properties are regarded as one of the greatest assets. Commercial property market in Korea is an ideal choice for anyone who wishes to make the most of his money.

Laws pertaining to real estate transactions in the country are quite liberal and simple. Unlike many Asian nations that impose restrictions on foreigners to invest in properties, Korea does not prescribe any specific restrictions for foreigners to buy or sell a property. Foreigners should, however, comply with the FLAA Act (the Foreigner’s Land Acquisition Act).

During the past couple of years, the country’s property market has been greatly influenced by speculative demand, owing to the large amount of available capital and low interest rates. As the earning rates of financial capital have fallen in recent years, Investors have come to look upon real estate as a possible option that may yield large returns as the earning rates of financial capital diminished in recent years.

The real estate fiscal systems in the country include asset-backed securities (ABS), mortgage-backed securities (MBS), and real estate investment systems (REITS). These real estate products can be classified into two categories, depending on their characteristics. The first involves securities based on asset liquidity and the other involves real estate mutual funds or real estate securities.

In recent years, the country has achieved tremendous economic growth. Modern Korea is a stable nation both politically and economically. A large number of foreigners are now attracted to invest in all sectors of the country’s economy including the property market. This has strengthened the property market in the country. The country’s real estate financing market will continue to expand in the coming years owing to the steady increase in demand. It is encouraged by government policies designed to promote the secondary mortgage market.