There is a saying that Korea's economic performance cannot be gauged without first understanding the money flow in Myeong-dong. Headed by the Bank of Korea, and the headquarters of all the major banks of Korea, including Kookmin, Seoul, and Korea Exchange, are located in Myeong-dong, which attests to the significance of the neighborhood as a center of Korean finance. Another characteristic of Myeong-dong, is its cultural richness and prosperity, evidenced by the skyscrapers and the huge number of passers-by that crowd the streets. Fashion boutiques abound in this neighborhood, along with well-known cafes and small stages that hold live concerts. Restaurants are plentiful and varied, to suit the tastes of any customer. On an average day it is estimated that two million shoppers visit Myeong-dong. Address : Myeong-dong 1(il)-ga, Jung-gu, Seoul Tel : 82-2-776-6177 Item : Clothing, Shoes, Accessory