Recently, the gap between the commercial real estate markets of Korea and Japan has significantly narrowed. Last year, Conrad Seoul, which was acquired by ARA Korea Asset Management, initially had Japanese capital participating as investors and then there was a sell down to Government of Singapore Investment Corporation (GIC). The Special Situations team at IGIS Asset Management, which is responsible for NPL investments, also attracted Japanese securities firms as investors while raising its fourth NPL fund last year. The active movements of the Japanese financial institutions are also noteworthy. Japanese financial institutions such as Sumitomo Mitsui Banking Corporation (SMBC), Mitsubishi UFJ Financial Group (MUFG), and Mizuho Bank are […]