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The global commercial real estate market, hit by high interest rates and a decline in office space demand, is likely to be in a prolonged slowdown until next year, a real investment firm based in Seoul said through a report issued on Monday. While Korean investment firms are suffering from losses in their investments in office properties overseas, Mastern Investment Management said the slump in the market will contin. ....
Korean investment firms are at the risk of painful losses in their commercial real estate investments with high interest rates and a shift to teleworking. With major economies tightening monetary policies, and the post-pandemic trend of working from home pushing up office vacancy rates, commercial office buildings once perceived as a reliable investment have become a liability. Igis Asset Management’s 370. ....
The recent explosion of popular K-Dramas in the West has sparked a cultural revolution. The recent explosion of popular K-Dramas in the West has sparked a cultural revolution. ....