The Yeouido International Finance Center sale was a hot topic of discussion both in the Korean and global commercial real estate market. The sale appears to be on the table once again. The original sale started in late 2021 and Mirae Asset Management was selected as preferred bidder last May, but due to the effects of interest rate hikes and difficulty finding investors, the contract was cancelled last September. Mirae Asset Management then sought to recover its KRW 200 billion performance bond, filing a petition to SIAC (Singapore International Arbitration Centre) against the seller Brookfield Asset Management that is still ongoing today. The scale is incredibly large and there have […]