The Business Times
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South Korean firms on shopping spree for overseas properties

Published Thu, Jun 9, 2016 · 09:50 PM

Seoul

SOUTH Korean firms, led by one of Asia's largest asset managers, are investing in hotels and office buildings abroad as low interest rates locally are driving them to seek better returns overseas.

Their targets are hotels and buildings with marquee names in popular tourist destinations such as Hawaii and San Francisco, where some South Korean firms are paying record prices.

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