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Magok or Jeonju? Global GPs Faced with a Choice

2024. 10. 18 · 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.

  “Many global GPs are deliberating between Magok and Jeonju as their preferred location.” Many foreign asset management companies (GPs) are seriously considering relocating to Magok and opening a contact office in Jeonju. This is to maintain a relationship with NPS (National Pension Service), a major player in the global capital market. The NPS has an AUM exceeding KRW 1,000 trillion and is among the top institutional investors worldwide. After the global financial crisis in 2008, its investment in the global commercial real estate market significantly expanded, thus growing its influence. Especially in a situation where fundraising is difficult globally, big players like the NPS can exert even more influence […]

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