Korea's Real Estate Investment Trusts (REITs) Revolutionize Property Market Accessibility.
Korea needed real estate investment options after the 1997 financial crisis. They introduced REITs in 2001, following the US model. To improve REITs, regulations need to be relaxed, taxes should be reduced, and new investment products like UPREIT should be introduced. These changes will help boost the real estate market and make it more transparent and advanced.