M&G Real Estate, a UK-based asset management company that has been investing in the South Korean commercial real estate market for over 20 years, is making its first investment in the housing market. M&G Real Estate has primarily invested in office and logistics centers in Korea since starting with the Gwanghwamun Northgate Building in 2004. Its interest in the housing market began only a few years ago. The Korean rental housing market has been slow to institutionalize due to the unique jeonse system, taxation, and regulations that exist only in Korea. The market is undergoing structural changes due to the increase in demand from single-person households and foreigners, […]