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Seongbuk-dong · 🚇

One Tunnel Changed the Price of Land

When the 1968 opening of the Samcheong Tunnel made this area suddenly accessible to central Seoul, one individual's vast landholding was subdivided and sold — and almost overnight, Seongbuk-dong became a wealthy enclave.

Key takeaways

Development in Seongbuk-dong picked up in earnest starting in the 1960s, and access to central Seoul improved dramatically when Bukaksan-gil road and the Samcheong Tunnel opened in 1968. Fact At the time, roughly 107,000 pyeong (about 35 hectares) of land in Seongbuk-dong was privately owned by Shin Yong-ho, founder of the insurance company Kyobo Life; once land values rose after the tunnel opened, he subdivided and sold the property. Fact Prominent political figures and foreign diplomatic missions bought up large portions of it, establishing the area as one of Seoul's most prominent wealthy enclaves. Fact

What to look for on site

Visitor tip

Photography may be restricted for security reasons in areas dense with ambassadors' residences — follow any posted signage or guidance.