Korea doesn’t receive as much attention as other Asian countries when it comes to investing in property. You’ll also find a limited amount of developers who operate in the country, in comparison with Singapore for example.
Still, some individual buyers and corporations want to know more about the biggest developers, when buying off-plan property, for example. There’s a limited amount of information about Korean developers, and you rarely find it summarized. Therefore, I’ve written this article where I list some of the biggest developers in Korea.
Let’s have a look.
The companies are listed in a random order.
1. Dongbu Corporation
Established in 1969, Dongbu Corporation is one of the oldest and well-recognized property developers in Korea. Dongbu Corporation is part of one of the biggest conglomerates in Korea, the DB Group, also known as Dongbu Group.
It has several subsidiaries working in real estate, manufacturing industry, shipping, insurance, chemical industry, and financial products. Some of its subsidiaries are DB Insurance (Forbes 2000 Company), DB Savings Bank, DB Hitek, and DB Capital.
Dongbu Corporation was founded by Junki Kim as Miryung Engineering & Construction, but later changed name to the Dongbu Corporation in 1989. The head office of Dongbu Corporation is based in Seoul, Korea. Even though they’re based in Korea, but they’ve developed several infrastructure projects in other parts of the world as well.