The culture of remote work has spread globally since the height of the COVID-19 pandemic, affecting major office markets around the world such as Manhattan, New York, London, UK, Frankfurt, Germany, and Paris, France. Korean institutional investors have historically faced many difficulties with their overseas assets. The increase in interest rates since 2022 has only exacerbated the problems. The global office market has been stagnant since then, with most institutions showing a passive attitude towards overseas real estate investment due to legacy asset issues. Recently, domestic institutions have been showing signs of resuming overseas office investments. The Public Officials Benefit Association (POBA) is one example.     POBA […]