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South Korean investors snap up US skyscrapers

Korea was fourth-biggest foreign investor in US offices last year amid record-low bond yields, falling shares at home

US cities such as New York (above) and San Francisco are considered the safest markets globally considering the nation's stable economic indicators, says an analyst.


SOUTH Korea's institutional investors are putting money in debt to buy Manhattan and San Francisco skyscrapers as they flee record-low bond yields and falling shares at home.

A group of Korean insurance companies is investing about US$220 million in a mezzanine loan, which is...

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