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Busan Insightsas of Oct 2026
Population size
3.4 M People
Household size
2.2 People
Median household income
40,000,000 KRW
Job growth
15,000 persons
Dominant industries
Services and tourism sector
Cost of living index
85 index
Retail sales per capita
12,000,000 KRW
Disposable income
33,000,000 KRW
Existing retail mix
Department stores and malls type
Number of competitors
50+ stores
Market saturation
High level
Presence of anchor tenants
Yes boolean
Foot traffic from nearby businesses
High level
Rent costs
1,500,000 KRW/month
Zoning laws
Mixed-use allowed type
Business permits
Easy process rating
Availability of retail space
Moderate level
Proximity to major roads
High level
Public transportation access
Excellent level
Parking availability
Sufficient in malls spaces
Pedestrian traffic
High in districts level
Vehicle traffic
Congested rush hours level
Public transport accessibility
High score
Commute times
35 minutes
Work patterns
9-6 standard hours
Shopping preferences
Brand-focused type
Brand affinity
High for K-beauty level
Consumer loyalty
Strong level
Entertainment and leisure trends
K-culture festivals type
Crime statistics
Low rate
Shoplifting rates
Minimal incidents
Public safety measures
CCTV and patrols type
Tourist spending
32,700,000,000 KRW
Tourist footfall
2,000,000+ visitors
Major local events
Busan International Film Festival event
Seasonal attractions
Beaches in summer type
Total retail space
5,000,000 sqm
Retail space per capita
1.5 sqm/person
Sustainable retail demand
Growing level
Major upcoming retail projects
Mega malls type
Consumer spending patterns
High on essentials type
Grocery expenditure trends
Stable growth trend
Luxury retail performance
Growing level
Top mall shopping preferences
Shinsegae Centum City mall
Key drivers for mall visits
Entertainment factor
Preferred brand categories
High demand level
Preferred brand categories
Moderate level
Number of existing malls
10 malls
Total retail footfall
50,000,000 visits
Retail market gaps
Sustainable products gap
Trade area population
3,400,000 people
Retail potential in catchment area
High level
Preferred mall layouts
Multi-use type
Public transport access
High score
Walkability score
70 out of 100
Road infrastructure & car access
Good level
Parking capacity in comparable malls
5,000 spaces
Surrounding land use & future developments
Mixed-use TOD type
Retail Destinations in Busan
Browse 10 retail destinations in Busan, South Korea. Explore retail leasing opportunities, space availability, and market analytics on Occupi.
Busan at a Glance
- Total Properties10
- CountrySouth Korea
