What does DDP mean?

 What does DDP mean? Two different definitions

The abbreviation DDP can mean two completely different things.
Depending on the situation, it means a trade term or a landmark building in Seoul.

1. Terms and Conditions: Tariffs delivered (DDP)

Meaning

DDP is one of Incoterms (in international commercial terms).

This means that the seller is fully responsible for shipping the goods to the buyer's location, including all costs and risks.

Seller's Liability

Payment of all transportation costs

All risks during shipping

export and import customs clearance

Payment of taxes, VAT and taxes in the buyer's country

the responsibility of the buyer

All you have to do is receive the goods at the agreed place

Pros and cons

Buyer:

It's very convenient without additional steps or payment

Clear end-of-life costs from the start

Seller:

More attractive to buyers (competitive advantage)

But: high risk, high cost, complex customs issues

an easy example

Some global online stores display "mandatory and tax-inclusive" prices.

Once you make the payment, the product will arrive in front of your house without any additional tariffs.

That's basically how DDP works.

2. Landmark: Dongdaemun Design Plaza (DDP)

What it was.

DDP is a large cultural complex located in Dongdaemun, Seoul.

It is famous for exhibitions, fashion shows, conventions, and performances.

It also means dream, design, and play.

Key Features

Unique architecture:
Designed by Zaha Hadid, it has flowing curves and spacecraft-like shapes.
Made with advanced 3D design technology and more than 45,000 aluminum panels.

Cultural Space:

Art Hall: Exhibitions and fashion shows (e.g., Seoul Fashion Week)

Museum: History, Culture, Design Exhibition

Design Lab: Design Market and Creative Industry Hub

Outdoor Plaza: Open Space for Meetings, Rest, and Performances

History:
The place was once Dongdaemun Stadium.
During the redevelopment process, relics from the Joseon Dynasty were found.
It is now connected to Dongdaemun History and Culture Park.

important reason

a hot spot for fashion and design

A must-see landmark for tourists in Seoul

At night, the 'Seoul Light' media facade show makes the building even more spectacular

3. Summary Summary Summary Summary
DDP field indicating where you are responsible
Shipped Tariff Paid Trade Sellers bear all costs and risks including taxes and tariffs. Sellers
Dongdaemun Design Plaza Culture/Architectural Culture Complex and Design Hub run by the Seoul Design Foundation

✨ In short, DDP could mean business rules in trade or Seoul's famous buildings.
So always check the context to see what DDP someone is talking about!