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Corporations Returning to the City: The Case of Kakao Entertainment

2022. 07. 26 · 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.

If you were to sum up the mood of Seoul’s office market these days, you might go with “there’s nothing better than this”. Previously in Seongsu-dong, E-Mart has decided to move to Orange Tower in Sunhwa-dong, while CJ Logistics has made a u-turn, returning to Tower 8 in Cheongjin-dong, and now the coworking space Vantago that occupies Tower 8 has announced that space will be made for them. This is but one example of the power lessors hold in the Seoul office market. Unlike in the past, when tenants decide not to complete their lease agreements this isn’t too worrisome to lessors. Instead this is welcomed with open arms because […]

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