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SPI Weekly Korean Market Update(2021.9.25~10.3)

2021. 10. 04 · Byungki Koh
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Providing Up-to-date news and contents of Korean commercial real estate market including investment, REITs and market players.

Heated Bidding Underway for Seongsu-dong Emart HQ Seongsu-dong is Seoul’s most popular neighborhood as of late. Located at the heart of the city means it’s an easy commute from both north and south of the Han River, and there are plenty of attractions to see like Seoul Forest, trendy cafes, and restaurants. Startups and fashion houses with fresh new ideas are all flocking to Seongsu-dong. The headquarters for Emart, a large distribution company, was put up for sale recently and the bidding has begun with a total sale price expected to exceed KRW 1 trillion. Market interest is clearly very high. Top Korean asset management company IGIS Asset Management formed […]

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