Seoul Landmark Seongsu-dong High Rent Issue: Mayoral Candidate Proposes Industrial Transformation
Seongsu-dong in Seoul, a popular tourist spot, faces high rent issues. Mayoral candidate Jeong Won-woo suggests industrial transformation and policy support. He emphasizes expanding programs like "Anxin Stores" to help businesses operate at lower costs.
📋 Article Processing Timeline
- 📰 Published: April 16, 2026 at 19:46
- 🔍 Collected: April 16, 2026 at 20:01 (15 min after Published)
- 🤖 AI Analyzed: April 16, 2026 at 20:22 (20 min after Collected)
Central News Agency
(Central News Agency reporter Yang Chi-fang, Seoul, 16th) Seongsu-dong in South Korea has become an emerging tourist attraction in recent years. Jeong Won-woo, former head of Seongdong District and a candidate for Seoul mayor, expressed hope that the Seongsu-dong model can be promoted throughout Seoul in the future. However, facing the high rent issue in Seongsu-dong, he believes the industrial structure is undergoing transformation.
Seongsu-dong was formerly dominated by factories and small and medium-sized manufacturing industries, but it declined as industries moved out and old factories became idle. However, in recent years, cafes and art spaces have moved in, attracting young people and creative industries. Coupled with large brands and pop-up stores, Seongsu-dong has become a fashionable landmark and one of the important bases for foreign tourists visiting Seoul.
Seongsu-dong is located in Seongdong District, Seoul. Jeong Won-woo, former head of Seongdong District, recently emerged as the Democratic Party's candidate for Seoul mayor. Jeong Won-woo was elected head of Seongdong District in 2014 and served three consecutive terms.
Jeong Won-woo said at a meeting with the Seoul Foreign Correspondents' Club today: "The future vision of Seoul I envision is not far away, it is right here in Seongsu-dong." Jeong Won-woo pointed out that more than 10 years ago, Seongsu-dong was a declining factory area where almost no one went, but now it has become a popular attraction.
Jeong Won-woo stated that this is not because of the government, but because systems and incentives were established to allow artists, small businesses, and companies to freely take root and flourish. Jeong Won-woo said: "Creativity can truly blossom when businesses and citizens become the true owners of the city. I will promote this model throughout Seoul."
However, as Seongsu-dong became a tourist destination, a large number of pop-up stores moved in, and shop rents also soared, forcing many small businesses to withdraw due to high rents. In response, Jeong Won-woo said that Seongsu-dong is still a very active place, "but the industrial structure is transforming, and the leading industries are changing."
Jeong Won-woo pointed out that during the industrial transformation process, how to protect and assist declining industries is what the government is considering. "We are providing lower prices for businesses to operate through systems such as 'Anxin Stores'. I believe that in the future, such systems need to be further expanded." (Editor: Chen Yan-jun) 1150416
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(Central News Agency reporter Yang Chi-fang, Seoul, 16th) Seongsu-dong in South Korea has become an emerging tourist attraction in recent years. Jeong Won-woo, former head of Seongdong District and a candidate for Seoul mayor, expressed hope that the Seongsu-dong model can be promoted throughout Seoul in the future. However, facing the high rent issue in Seongsu-dong, he believes the industrial structure is undergoing transformation.
Seongsu-dong was formerly dominated by factories and small and medium-sized manufacturing industries, but it declined as industries moved out and old factories became idle. However, in recent years, cafes and art spaces have moved in, attracting young people and creative industries. Coupled with large brands and pop-up stores, Seongsu-dong has become a fashionable landmark and one of the important bases for foreign tourists visiting Seoul.
Seongsu-dong is located in Seongdong District, Seoul. Jeong Won-woo, former head of Seongdong District, recently emerged as the Democratic Party's candidate for Seoul mayor. Jeong Won-woo was elected head of Seongdong District in 2014 and served three consecutive terms.
Jeong Won-woo said at a meeting with the Seoul Foreign Correspondents' Club today: "The future vision of Seoul I envision is not far away, it is right here in Seongsu-dong." Jeong Won-woo pointed out that more than 10 years ago, Seongsu-dong was a declining factory area where almost no one went, but now it has become a popular attraction.
Jeong Won-woo stated that this is not because of the government, but because systems and incentives were established to allow artists, small businesses, and companies to freely take root and flourish. Jeong Won-woo said: "Creativity can truly blossom when businesses and citizens become the true owners of the city. I will promote this model throughout Seoul."
However, as Seongsu-dong became a tourist destination, a large number of pop-up stores moved in, and shop rents also soared, forcing many small businesses to withdraw due to high rents. In response, Jeong Won-woo said that Seongsu-dong is still a very active place, "but the industrial structure is transforming, and the leading industries are changing."
Jeong Won-woo pointed out that during the industrial transformation process, how to protect and assist declining industries is what the government is considering. "We are providing lower prices for businesses to operate through systems such as 'Anxin Stores'. I believe that in the future, such systems need to be further expanded." (Editor: Chen Yan-jun) 1150416
Choose to stand with facts, every sponsorship you make is a force to protect press freedom.
Download the Central News Agency "First-hand News" APP to get the latest news instantly.
The text, images, and videos on this website may not be reproduced, publicly broadcast, or publicly transmitted and used without authorization.
FAQ
What is the main issue in Seongsu-dong?
Seongsu-dong is facing high rent issues due to its increasing popularity as a tourist destination.
What is mayoral candidate Jeong Won-woo's view on this issue?
Jeong Won-woo believes that Seongsu-dong's industrial structure is transforming, and the government should support declining industries through programs like "Anxin Stores" to help businesses operate at lower costs.