[Weekender] Yongsan redevelopment weighs on Itaewon’s future
Social affairsMar 14, 2019
Much of Itaewon’s future hinges on Korean landlords who expect their long wait for investment gains to finally pay off in the coming years. With a former US base to be turned into a huge public park, many expect the onset of the “Yongsan era,” with the area rising to match Gangnam’s status as an upscale residential and commercial district. But in that transformation, Itaewon’s unique features as a lively, culturally diverse and expat-friendly neighborhood could be lost. While the anticipation fo