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POBA Saved Alphadom, but Selling Shares in 6-1 Block over Financial Difficulties

2022. 12. 20 · 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.

Even in Pangyo, which is sometimes called Korea’s Silicon Valley, Pangyo Alphadom City assets located at Pangyo Station, a key area, continue to be put up for sale. Pangyo Alphadom City was left stranded in the aftermath of the global financial crisis in 2008, but it was revived under the leadership of the Public Officials Benefit Association (POBA) and is now a major Pangyo landmark. Thanks to Pangyo Alphadom City, POBA’s status in the domestic commercial real estate market has greatly increased. POBA is now selling its Alphadom City assets one after another due to a rush to secure liquidity amid financial difficulties. SPI previously reported that the sale of […]

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