The activity of major foreign investors in the Korean commercial real estate market has been more prominent recently. Japanese financial institutions such as Sumitomo Mitsui Banking Corporation (SMBC), Mitsubishi UFJ Financial Group (MUFG), and Mizuho Bank are actively expanding their commercial real estate loans in Korea. Looking at sector, foreign investors actively lending in the logistics center sector, where their domestic counterparts are still taking a conservative approach. For example, SMBC has provided a loan of appx. KRW 200 billion for the Brookfield Cheongna Logistics Center, which is currently being pursued for acquisition by Kohlberg Kravis Roberts (KKR) and Kreate Asset Management. Large Japanese Capital Firms Advance into […]