office space Archives | Be Korea-savvy

Price of Office Space in Seoul Growing Steadily Since 2001

SEOUL, Mar. 1 (Korea Bizwire) — Over the last 18 years, sale prices of office space in Seoul rose by an average of more than 7 percent each year, with transactions surpassing a total of 10 trillion won (US$8.8 billion) on average each year. IGIS Asset Management Co. and Daishin Securities Co. announced on Thursday [...]

Vacancies Soar in Seoul’s Office Market

SEOUL, Jul. 17 (Korea Bizwire) — The number of empty offices in the South Korean capital is on the rise due to the increased supply of new office buildings in the property market and companies relocating to different areas, new industry data has revealed. According to statistics released by property consultant KyoboRealco, the vacancy rate [...]