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Ulsan
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- 1South Korea Retail Vacancy Rate Hits Five-Year High of 13.36%●South Korea's Retail Vacancy Rate Hits 13.36%, Highest in Five Years—Only Ulsan Improves
South Korea's retail vacancy rate has climbed to 13.36%, the highest level in five years, signaling deepening weakness in the country's commercial real estate and brick-and-mortar retail sector. Among major cities and regions, only Ulsan recorded an improvement in vacancy, underscoring how widespread the empty storefront problem has become elsewhere.