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GIC Likely to Purchase Hotel in Seoul

2024. 12. 18 · 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.

    25 years ago in 2000, the global heavyweight Government of Singapore Investment Corporation, or GIC for short, made its debut in the commercial real estate market in Korea by acquiring Seoul Finance Center (SFC). This year, GIC is going through more change than ever before. GIC put SFC up for sale, an asset that will not change hands easily. SFC was GIC’s first purchase in Korea back in 2005, and it has been held for 20 years. There have been changes in leadership as well. Jasmine Loo, who had been dispatched to the GIC London office, has been assigned to lead the Korea office. This has led to […]

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