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Geumho-dong & Oksu-dong · 🏙️

This Up-and-Coming River-View Enclave Started as an Ironworks Village

Geumho-dong and Oksu-dong weren't always a wealthy enclave. A village of blacksmiths who forged iron became a shantytown for war refugees, and only after large-scale redevelopment did it become today's forest of apartment towers.

Key takeaways

First-time visitors to Geumho-dong and Oksu-dong notice the newly built apartment complexes overlooking the Han River before anything else. But this hillside was originally called "Musoemak" — a village of blacksmiths who melted iron to forge cauldrons and farm tools. Fact After the Korean War (1950–53), refugees poured in, and shanties eventually covered the hillside all the way to its peak, forming one of Seoul's classic hillside slums — a setting even used for a popular 1990s Korean television drama. Fact Since the 2010s, large-scale redevelopment has transformed the area into what's now described as an up-and-coming, high-value enclave with river views. Fact

FIT TRIP reads this neighborhood through three stages: industrial village → shantytown → wealthy enclave. Budget three to four hours from Eungbong Station to the Oksu-dong riverside, and you can trace the fingerprints of all three eras on a single hillside. Actual time depends on how long you linger. Est.

What the postcard image misses

"Up-and-coming enclave" and "prime spot for a Han River view" are generic phrases that could describe any redeveloped neighborhood in Seoul. FIT TRIP asks the sharper question: why did this hillside completely reinvent itself three separate times — from ironworks village, to shantytown, to wealthy enclave? The answer isn't the terrain — it's the sequence of industrial decline, wartime displacement, and redevelopment policy that stacked on top of each other here.

✅ Before you go

FAQ

Q: Are there still traces of the old shantytown today?

A: Most of it has vanished through redevelopment. This guide traces what's gone through records and the parks built on its former site.

Q: Where does the name "Geumho" come from?

A: It's a constructed name — one character borrowed from "cheol" (鐵, iron) reimagined as "geum" (金, "gold/metal"), and another from "su" (水, water) reimagined as "ho" (湖, lake), reflecting the neighborhood's origins as an ironworking village by the river. Fact