KKR issued a press release on the 28th announcing that it is acquiring the Namsan Green Building located near Seoul Station. The Namsan Green Building, completed in 1994, has a total floor area of 57,574 square meters and is currently used by affiliates of SK Telecom and SK Broadband. Vice President Jung Wook-jae of KKR Real Estate Division explained that the “Korean office market is extremely limited in supply, but we are confident that demand will continue to be strong.” KKR’s view of the Korean office market is extremely positive. This is quite different from the foreign management companies that are including Korea in the negative outlook of the global […]