Big empty buildings
![The vacancy rate of buildings on Gangnam-daero, the main road between Gangnam Station and Sinnonhyeon Station in Gangnam District, southern Seoul, was 8.3 percent as of the fourth quarter last year, up from 2.6 percent in the same period in 2018, according to the Korea Real Estate Board. The figure was lower than the 16.4 percent reached in the third quarter of 2020, when shops moved out following the onset of the Covid-19 pandemic. [YONHAP]](https://koreajoongangdaily.joins.com/data/photo/2024/02/04/bee166d5-fbf8-43a1-9359-36892f53b151.jpg)
The vacancy rate of buildings on Gangnam-daero, the main road between Gangnam Station and Sinnonhyeon Station in Gangnam District, southern Seoul, was 8.3 percent as of the fourth quarter last year, up from 2.6 percent in the same period in 2018, according to the Korea Real Estate Board. The figure was lower than the 16.4 percent reached in the third quarter of 2020, when shops moved out following the onset of the Covid-19 pandemic. [YONHAP]
with the Korea JoongAng Daily
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