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Weekly Korean Market Update (10/23~10/29)

2023. 10. 30 · SPI
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Providing Up-to-date news and contents of Korean commercial real estate market including investment, REITs and market players.

KIC President Jin Seung-ho: No Rapid Increasing in Alternative Investment amid Weak Commercial Real Estate Market Jin Seung-ho, president of Korea Investment Corporation (KIC), has stated that KIC will not be rapidly increasing its share of alternative investments due to the recent deterioration of the commercial real estate market. At the National Assembly’s Planning and Finance Committee audit on October 24, concerns were raised about KIC’s recent policy of expanding alternative investments. Jin mentioned that interest rates have risen significantly and the commercial real estate market worsening, and the proportion of alternative investments has not changed significantly since last year’s 22.8%, now at 22.7%. Jin explained that while the alternative […]

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