Since 2019, Korea’s REITs have experienced rapid growth, primarily led by large corporate-sponsored vehicles. As of 2025, the number of listed REITs has reached 25, with a total market capitalization of approximately KRW 8.36 trillion. While office assets continue to dominate investment allocations, the share of logistics, retail, hospitality, residential, and mixed-use REITs has been gradually expanding.
After a period of underperformance under the high interest rate environment, the share prices of Korean listed REITs are now buoyed by market expectations for recovery following the shift toward monetary easing at the end of 2024. Looking ahead, if lower interest rates persist alongside government support similar to that seen in Japan and Singapore, the domestic listed REIT market is expected to expand further.
The global report by Cushman & Wakefield referenced in this document can be found at the link below.
https://www.cushmanwakefield.com/en/insights/asia-reit-market-insight