Has Ewha Womans University area declined this much?

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Is this really the area in front of Ewha?
In the video, they pronounce it as "Ewha," but the Chinese characters written are for "Jeongsu" (which is pronounced "Itero" in Japanese),
so it looks like just some alleyway in a rural area. Since they pronounce it as Ewha, I assume it's the area in front of Ewha, but
I wonder why it has become like this.