Blackstone is the world’s largest alternative investment manager. It drew attention in March 2022 when it opened an office in Korea. Blackstone previously withdrew from Korea in 2014, and was returning after an eight-year absence. As it boasts an overwhelming influence in the global alternative investment market and has abundant financial power, Blackstone’s move attracted great attention. With no active investment during its time eight years prior, there were high expectations that things would be different this time. By opening an office in Center One and recruiting former Angelo Gordon commercial real estate expert Kim Tae-rae to lead its Korea real estate division, all the preparations were ready. […]