SEOUL, July 7 (Korea Bizwire) — South Korean real estate investment trusts (REITs) saw their assets jump nearly 22 percent in 2020 from a year earlier amid a robust property market, government data showed Wednesday. A total of 282 REITs had some 63 trillion won (US$55.5 billion) in combined assets as of the end of [...]
SEOUL, Oct. 27 (Korea Bizwire) — Corporate ownership of land in South Korea has been on a steady rise in recent years amid rising criticism of conglomerates’ real estate investment, government data showed Tuesday. South Korean companies owned 6.953 square kilometers of land in 2019, up 1.7 percent from a year earlier, according to the [...]
SEOUL, July 9 (Korea Bizwire) – Hong Myung-bo, who has been under fire for South Korean football team’s disappointing performance in the Brazil World Cup games, now faces another public uproar due to an issue not related to soccer: his alleged speculative investment on a real estate property. According to a stream of local reports, it [...]