Conglomerates expand property assets amid market slump
Seoul - Yonhap
South Korea's top 10 business groups saw the value of their real estate assets reach an all-time high in 2013 as they hunted for bargains amid a prolonged property market slump, data showed Sunday. The combined value of real-estate assets held by the business groups came to 60.3 trillion won (US$55.5 billion) as of end-December, up 4.8 percent from the 57.5 trillion won tallied a year earlier, the data by market researcher Chaebul.com showed.
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