Wanxing New Neighborhood Koreatown. The most worthwhile Koreatown in Yantai is Koreatown, a new neighborhood of Wanxing, which is built by Shandong Wanxing Real Estate Co., Ltd., positioning itself as a new commercial street with Korean characteristics. The planned total area is about 2, square meters and there are 126 shops, which is a very representative local feature, so it is worth visiting.