Domestic REITs Market Reaches KRW 100 Trillion

The size of the domestic REITs (REITs) market, which collects small amounts of money from many people and invests in real estate, exceeded 100 trillion won for the first time ever.

Domestic REITs were introduced through the Real Estate Investment Companies Act in 2001, showing a steep rise with the launch of listed REITs, and their assets have doubled in the past five years.

Currently, there are 395 REITs operating in the country, with REITs investing in housing accounting for about half of the total in terms of number and asset size, followed by office, retail and logistics, the Ministry of Land, Infrastructure and Transport said.