Goldman Sachs acquires Mercure Ambassador: 1st stint with Korean hotels

Goldman Sachs, in partnership with JB Asset Management Co., has acquired Mercure Ambassador Seoul Hongdae, a prominent mixed-use commercial property...

JLL, Savills to lead Seoul Square sale in $1 bn deal

JLL and Savills have been tapped to lead the sale of Seoul Square, a landmark office tower, valued at around 1.4 trillion won ($1 billion), adding t...

Mirae Asset’s US real estate fund faces heavy losses

A private fund for US real estate managed by South Korea’s Mirae Asset Global Investments Co. has seen huge losses amid the tumble of the offi...

Korea's hotel deals hit record-high $1.4 bn in 2021: JLL

Hotel deals in South Korea hit a record high of 1.7 trillion won ($1.4 billion) in 2021, up 80% from the previous year, said global real estate serv...

Grade-A office deals in Seoul hit record-high $14 bn in 2021: JLL

Grade-A office transactions in Seoul hit a record high of 17.1 trillion won ($14.2 billion) in 2021, breaking the 16.6 trillion won record set in 20...

Warehouse deals in greater Seoul area hit record high in Q4

The total deal volume of Seoul metropolitan area-based grade-A logistics centers hit a record high of 7.2 trillion won ($6.1 billion) last year. A g...

Time to invest in luxury hotels in Korea: JLL executive

The COVID-19 pandemic has been particularly hard on the hotel industry, exposing it as one of the most vulnerable to the crisis amid the global lock...