Korea Retail, Hotel, Logistics Research

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Seoul Residential 1H 2017
24 April 2017

Korea’s population, is 51 million, with 50% living in the Seoul metropolitan area (Seoul, Incheon, and Gyeonggi province ). Due to Korea’s low birth rate, low marriage rate and aging society, the average household size was 2.5 in 2016, shrinking from the 3.7 average in 1990. The proportion of households of only one or two people is 53%, and 40% for households of three or four. As the demographic characteristics have changed, perception and requirements for housing have changed acc

 

Research search results: 8 found

 
Seoul Residential 1H 2017

Seoul Residential 1H 2017

24 April 2017

Korea’s population, is 51 million, with 50% living in the Seoul metropolitan area (Seoul, Incheon, and Gyeonggi province ). Due to Korea’s low birth rate, low marriage rate and aging society, the average household size was 2.5 in 2016, shrinking from the 3.7 average in 1990. The proportion of households of only one or two people is 53%, and 40% for households of three or four. As the demographic characteristics have changed, perception and requirements for housing have changed acc

 
 
 
Korea Logistics 2H 2016

Korea Logistics 2H 2016

22 November 2016

This survey was conducted to better understand tenants’ logistics centre preferences. With the survey results, Savills subsequently analysed key considerations and requirements for occupiers.   Logistics tenants can be broadly categorised into either 3PL, manufacturing or retail. According to our survey, companies with a yearly sales volume exceeding KRW1 trillion, including Hyundai Logistics, CJ Korea Express and Hanjin Express, owned or leased more than 50 logist

 
 
 
Seoul Hospitality 2H 2016

Seoul Hospitality 2H 2016

31 October 2016

From 2007 to 2014, the average annual increase in the number of foreign visitors to Korea was 12%. However, after the MERS outbreak in May 2015, the number of overseas tourists fell by 1 million compared to the previous year, totalling 13.2 million in 2015. In 2015, visitors from Asian countries accounted for 80% of all foreign visitors to Korea. By country, Chinese visitors represent 45% (6 million) of all visitors to Korea, followed by Japanese  at 14% (1.85 million). The Korean touris

 
 
 
Seoul Retail 1H 2016

Seoul Retail 1H 2016

23 April 2016

The consumer sentiment index, which fell below 100 in the wake of the MERS outbreak, recovered to 100 in January 2016. However, household consumption has remained sluggish amidst slow economic growth, the high level of household debt which reached KRW 1,200 trillion (84% of GDP), and the increase in pension and insurance premiums and taxes, as well as rising unemployment for those in their 20s and early 30s. The expenditure-to-income ratio declined from 77% in 2010 to 72% in 2015, showing a c

 
 
 
Korea Logistics 2H 2015

Korea Logistics 2H 2015

22 September 2015

According to the Ministry of Land, Infrastructure and Transport, 2,223 logistics facilities were registered as at May 2015. The Seoul, Incheon and Gyeonggido areas accounted for 43% of these, of which 899 were dry warehouses and 45 were cold warehouses.

 
 
 
Seoul Hospitality 1H 2015

Seoul Hospitality 1H 2015

01 April 2015

As of December 2014, based on Seoul Metropolitan Government statistics and recent hotel supply, the estimated Seoul hotel room stock is 33,792 across 220 hotels. By grade, fi ve- and four-star hotels account for 33.4% and 20.3% respectively, and combined they represent 53.7% of total stock. The proportion of existing Seoul hotel inventory is highly weighted toward upscale hotels.

 
 
 
Seoul Retail 2H 2014

Seoul Retail 2H 2014

18 November 2014

Consumer sentiment in 1H/2014 improved compared with 2H/2013. The consumer sentiment index in 2H/2014 is also believed to have improved since 1H/2014, considering the weaker domestic consumption experienced since the ferry sinking off the southern coast of South Korea in April. Overseas credit card spending grew 15.4% in 2013, outpacing the increase in domestic spending of 3.2%, according to the Bank of Korea. Imports through e-commerce sites rose 47% in 2013 to about $1 billion, acco

 
 
 
Seoul Hospitality 1H 2014

Seoul Hospitality 1H 2014

28 April 2014

The number of international visitors has increased by an average of 11.2% per annum since 2007, reaching over 10 million for the first time in 2012. This trend has continued and international visitor arrivals recorded an historical high in 2013 at 12.2 million, up 9.3% from the previous year. Compared with 2007, almost double the number of international visitors who arrived in Korea in 2013. Korea’s K-pop culture, Korean Wave, beauty and health services, cuisine, and shopping ar

 
 
 

Key contacts

JoAnn Jieun Hong

JoAnn Jieun Hong

Director
Research & Consultancy

Savills Korea

+82 2 2124 4182

 

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