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SPI Weekly Korean Market Update(4/11~4/17)

2022. 04. 18 · SPI
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Providing Up-to-date news and contents of Korean commercial real estate market including investment, REITs and market players.

Seoul Increasing Building Height Limit and Green Spaces Seoul Mayor Oh Se-hoon announced that if the President’s office is moved to Yongsan, the building height restriction in downtown Seoul will be lifted along with an increase in green space. Mayor Oh held a press conference for the first anniversary of his inauguration on the 12th, saying that the city will “increase public contribution by lifting the height limit in the city center and granting the maximum floor area ratio.” As for green spaces, he announced that “land obtained through public contribution will be converted to green spaces and wooded areas.” The goal is to increase the amount of green spaces […]

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