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South Korea investment outlook 2023
As global financial markets continue to reel from rising interest rates, how well have South Korea’s economy and real estate market been performing relative to other nations? What are the best- and worst-performing sectors, and in which locations? These and other questions were addressed in a virtual roundtable on investment opportunities in South Korea with institutional investors, consultants and investment managers held May 17 by Institutional Real Estate, Inc. The in-depth strategy session was moderated by Reno Sio, managing director, Asia Pacific, at IREI.
Key takeaways include:Korean construction credit lending is facing challenges domestically due to supply-chain issues, high interest rates, unaffordable private residential prices and sluggish demand. The residential market in South Korea is oversupplied, unlike the multifamily sectors in Japan, Australia and parts of Europe. Korean office assets are in demand relative to the United St