The Korea REITs Association and Daejeon Urban Corporation will collaborate to revitalize real estate finance and develop REITs models.
The Korea REITs Association announced on the 12th that it has signed a business agreement with Daejeon Urban Corporation to actively utilize REITs (Real Estate Investment Trusts) for housing supply and urban development. Through this, they aim to boost the local economy and expand REITs investment in residential welfare projects.
On the 12th, officials from the Korea REITs Association and Daejeon Urban Corporation are signing a business agreement for the development of a sustainable REITs model and taking a commemorative photo at the Korea REITs Association in Yeongdeungpo-gu, Seoul. Photo by Korea REITs Association
Under this agreement, both organizations will promote ▲sharing of REITs and real estate finance information ▲building expert networks ▲consultation and workforce training ▲research on sustainable REITs models.
Jung Byung-yoon, Chairman of the Korea REITs Association, said, "We expect the utilization of REITs by Daejeon Urban Corporation, which is responsible for housing supply and urban development projects in Daejeon City, to increase significantly," adding, "We hope that the 'Project REITs' and 'Regional Win-Win REITs' introduced this year will improve the lives of Daejeon citizens."
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