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May 2021 |Tech Occupiers in Korea

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Major tech occupiers are leading growth in the Korean leasing market

 

Insights & recommendations

 

The influence of tech occupiers on Korea’s leasing market is growing. With rapid growth in online business and strong financial backing, tech companies are emerging as big players in office development, investment, and leasing.

 

  • As Korea's status as an IT powerhouse strengthens, a rising number of global tech companies are considering entry into the Korean market.
  • As tech occupiers continue to expand, we recommend landlords remain competitive and offer incentives sufficient to attract these high growth companies.
  • Unlike the manufacturing industry, tech companies, especially in the gaming sector, are facing space shortages as their headcounts grow. As space is limited in the Pangyo area, we recommend considering Seongsu-dong, Guro, and Gwacheon as potential headquarters locations.

 


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May 2021 |Tech Occupiers in Korea

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Related Experts

Judy Jang

Director

Research

Korea

Judy Jang has joined Colliers Korea as Associate Director of Research & Advisory Services in March 2018. 
She is responsible for research outputs and play a major role to drive a more client-oriented research approach to support business win rate.

Judy has over 15 years of experience in real estate business and 6 years in IT industry. Prior to joining Colliers, she has served as a Head of Research for 7 years in Cushman & Wakefield Korea. She also had worked at Golden Bridge Property Management (Vanguarz Asset), Polaris HQ, LAN bird Technology Company, and Alibaba Korea.

 

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Robert Wilkinson

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As Managing Director of Colliers International, Rob is responsible for the strategic direction of the Korea business, to lead the growth and diversification initiatives and develop leadership talent. He oversees all service lines as well as shared services including investment sales, office leasing, project management, valuation and advisory, research, marketing and communications, human resources and finance.

Rob is also a member of the Colliers International Asia Leadership team.

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