The revision of the building law enforcement ordinance by government last year laid the foundation for student housing to use a private business model to operate dorms in a rental structure in Korea. With this amendment to the small-scale housing law, a path has been opened for co-living and rental housing operators and real estate asset management companies to develop student housing products. This new market opportunity has drawn the attention of many rental companies. MGRV, the operator of the co-living brand Mangrove, is also juggling the development of a new student housing product using a rental structure. Prior to the housing law revision, the government confirmed the […]