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Retail MarketBeat Report

Suki Kim • 26/08/2026
The overall Seoul high street vacancy rate stood at 8.5% in Q2 2026, down 0.3 pp q-o-q and 1.9 pp y-o-y, maintaining a stable market trend. Foreign tourist arrivals reached approximately 5.95 million in Q2, bringing the first-half total to a record 10.71 million. Foreign credit card spending also jumped 50.8% y-o-y, outpacing growth in visitor numbers and supporting sustained vitality across key retail districts, with new store openings continuing across Seoul's major retail districts.

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