MarketŌkubo, Tokyo
Company Profile

Ōkubo, Tokyo

Ōkubo (大久保), also known as Shin-Ōkubo (新大久保), is a neighborhood in Shinjuku, Tokyo, Japan. The neighborhood is built around Shin-Ōkubo Station, accessible on the Yamanote Line. It is known for its extensive Korean community, and is often called Tokyo Koreatown.

History
Early history Just after World War II, the area was considered a slum, and filled with unlicensed shacks. Its residents were then mostly Japanese; a small number of Korean and Chinese people lived there while working as laborers. Around the 1950s, after Zainichi Korean businessman Shin Kyuk-ho established a Lotte confectionary factory in the area, more Zainichis congregated in the area to work there. The good access to transportation and lower cost of rent in the area made it popular with immigrants. The area came to be popularly called "Koreatown" around the time of the 2002 FIFA World Cup, which South Korea and Japan jointly hosted. Prime Ministers Yoshiro Mori and other government officials bowed at a memorial for Lee on January 29, 2001. the film was famously viewed by Emperor Akihito and Empress Michiko. By 2021, the fund had assisted 998 students. The area has become a center for Japanese people interested in Korean culture. Lee Seung-min, chair of a Korean association in the area, World OKTA (), said in 2014 that his Korean language learning school had had more than 10,000 students since 1996. After a controversial 2012 visit by South Korean president Lee Myung-bak to the contested Liancourt Rocks, there was a significant boycott of Korea-related businesses in Japan. The area was affected by these boycotts, and far-right Japanese nationalist groups participated in anti-Korean protests in the area. Korean businesses in the area reportedly almost halved in number around this time. In 2020, the area saw an increase in visitors after the success of the Korean drama Crash Landing on You. In 2022, it was reported that the area had fully recovered from the 2012 onwards drop in sales, and had even seen an increase in the number of Korea-related businesses. ==Economy==
Economy
The nearby Shin-Ōkubo station receives significant foot traffic, which has boosted business in the area. In September 2022, it was reported that the station exceeds 100,000 visitors per day. The area had an estimated 9 million annual visitors by September 2022. In 2013, it was reported that business in the area had doubled since 2008. In July 2013, the Korean Chamber of Commerce and Industry in Japan stated that Shin-Ōkubo had 500 businesses, including around 350 restaurants. By that year, the number of Korea-related businesses reportedly reached 628. In September 2022, it was reported that the number of Korea-related businesses in the area had increased from 396 in 2017 to 634 in 2022, around a 61% increase. ==References==
tickerdossier.comtickerdossier.substack.com