[NewsSpace=Jack Moon] July 2024 saw a significant uptick in factory and warehouse real estate transactions across South Korea, with 568 deals totaling 1.7 trillion won. This represents a 19.1% increase in transaction volume and a 2.3% increase from June. Chungbuk province led the growth with a remarkable 1,296% increase in transaction value. Other regions, including Jeonnam, Ulsan, Daegu, Sejong, and Gangwon, also experienced substantial growth. In the Seoul metropolitan area, both Seoul and Incheon saw significant increases in transaction values. Gyeonggi Province, the country's largest marke
[NewsSpace=Jack Moon] Seoul's commercial real estate market is showing signs of recovery after a period of sluggishness due to high interest rates. In July 2023, the number of commercial building transactions in Seoul increased by 23% compared to the previous month, totaling 187 deals worth 2 trillion won. Although the figure represents a 28.9% decrease from June, it marks a 81.2% increase in YoY. Investment returns are also on the rise, with office spaces in Seoul showing a 1.99% return in Q2, up 0.15 percentage points from the previous quarter. The Gangnam district, in particular, saw signif
[News Space=Reporter seungwon lee] Adidas Korea CEO Peter Kwak (Kwak Geun-yeop), who is suspected of abusing franchisees, was criticized by both ruling and opposition party lawmakers for his insincere attitude during the National Assembly’s State Affairs Committee’s state audit. In particular, CEO Peter Kwak, who spoke fluent Korean during last year’s state audit, brought an interpreter and gave answers in English this year, drawing criticism from both ruling and opposition party lawmakers. At the National Assembly’s State Affairs Committee’s state audit of the Fair Trade Commission and other
[NewsSpace=Jack Moon] The Central Business District (CBD) around Gwanghwamun, which boasted nearly 100% occupancy rates despite uncertain economic conditions, is expected to suffer from vacancy pains in the future. This is due to the concentration of large-scale new supply through reconstruction projects after the second half of 2026. According to the commercial real estate industry on the 18th, from 2026, office supply of about 400,000㎡ in gross floor area is scheduled in areas such as Gongpyeong, Supyo, Sewoon districts, and Hyoje-dong in Jongno-gu. This large-scale office volume, equivalent
[NewsSpace=Jack Moon] Commercial real estate industry is concerned as the aftermath of the TMON-WeMakePrice crisis continues with partner companies filing for bankruptcy protection one after another. As sales plummet due to delayed settlements, an increasing number of small and medium-sized partners and suppliers are unable to withstand the pressure and are filing for bankruptcy protection. This led to a sharp rise in companies downsizing their offices or closing them altogether to cut costs. Vacancies near Nonhyeon and Yeoksam stations are rapidly increasing as most e-commerce-related partner
[NewsSpace=Jack Moon] "Never seen anything like it." Last weekend, I roamed the streets of Seongsu-dong in Seoul, camouflaged as Gen MZ. After visiting the newly opened Musinsa offline store, I noticed the new Olive Young store opened right across the street. The online fashion powerhouse facing off the No.1 offline health & beauty store on the same street offered a striking view. Seongsu-dong has evolved far beyond being just a hipster sanctuary; it has become the new battleground for retail giants. What caught their attention? Which side is Gen MZ on? Seongsu-dong is emerging as a new ba
[News Space=Reporter seungwon lee] The first trial of a lawsuit filed by a former KT&G researcher claiming that he did not receive fair compensation for developing the world's first internally heated electronic cigarette but was sued by the company for trillions of won in damages was held on the 17th. In response, KT&G claimed that the employee's claim that he "did not receive compensation" is against the agreement, so a legal battle is expected. The employee claimed that he had invented the world's first electronic cigarette technology but had not received compensation from the compan
[NewsSpace=Jack Moon] The small office building market in Seoul's Gangnam district is showing a unique phenomenon that defies common investment sense. RSQUARE's latest data analysis provides a breakdown of the paradox alluding to its historical background and its distinct urban landscape. According to RSQUARE's R.A (Real Estate Analytics) system, the ‘24.Q2 average cap rate of small office buildings in Seoul stood at 3.2%, significantly lower than that of medium and large buildings at 4.5%. Average sale price, however, was 35 million won per py (pyeong) for small that exceeded the 32 million w
[NewsSpace=JeongYoung Kim] Samsung today announced that the company hosted its flagship career fair and networking event Tech & Career (T&C) Forum in London, United Kingdom, as part of continuous efforts to secure global talent and further strengthen the firm’s technological competitiveness on a global level. The Tech & Career Forum is a career fair where Samsung SDI’s top executives meet with students from top-rated schools across the globe to share the company’s vision and recruit global top talent. The event was held for the third time this year, following previous ones in Bosto
[News Space=Reporter seungwon lee] September 19th is the 56th birthday of Shinsegae Group Chairman Chung Yong-jin. It is his first birthday since taking office as chairman. It is his first promotion in 18 years since 2006. To celebrate his birthday, let’s share meaningful, fun, and interesting stories related to Chairman Chung Yong-jin. On September 19, 1968, the day he was born, Seoul experienced an unusually high temperature, and the entire country soared to a high of 31.4 degrees, 6 degrees higher than the average. Even after 50 years, the weather conditions are similar. The major articles
서울시 서초구 사평대로 140 코웰빌딩 B1, 318호 | 대표전화 : 0505-546-0505 | 팩스 : 0505-548-0505
제호 : 뉴스스페이스(NewsSpace) | 등록번호 : 서울 아 54727 | 등록일 : 2023-03-07 | 발행일 : 2023-03-07 | 발행·편집인 : 이현주 | 청소년보호책임자 : 김정영
Copyright © 2024 뉴스스페이스(NewsSpace). All rights reserved.
UPDATE: 2025년 07월 01일 22시 45분
