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GIC Steps into Its Gangnam Finance Center Era

2024. 02. 16 · Byungki Koh
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Providing Up-to-date news and contents of Korean commercial real estate market including investment, REITs and market players.

    The Government of Singapore Investment Corporation (GIC), a major player in the Korean commercial real estate market, calls Gwanghwamun at the center of Seoul its home. It owns several assets, including Seoul Finance Center (SFC), which it acquired in 2000 right after the IMF crisis, and The Exchange Seoul, which is scheduled for auction in March. These assets have been operated by GIC for many years. GIC opened an office in SFC when GIC Korea was established in 2005 and has maintained the office for nearly 20 years. It was initially located on the 10th floor of SFC, but is currently located in JustCo, a Singaporean coworking space […]

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