Commercial real estate consultant JLL has appointed Taeho Yi as country manager for Korea, effective June 2024. Based in Seoul, he will be responsible for leading and managing JLL’s operations and strategy in South Korea, including oversight of major business lines – capital markets, markets advisory, and work dynamics.
Yi will lead a team providing the full spectrum of real estate services for local and international investors and occupiers, including leasing, investment sales, property and facilities management, and project and development services.
“We’re confident in the long-term prospects of Korea’s dynamic commercial real estate sector and see broad opportunities to further embed JLL’s global expertise into the strategic growth plans of our clients and the wider real estate industry in the country,” says Albert Ovidi, chief operating officer, Asia-Pacific, JLL. “With Taeho’s extensive experience across the full spectrum of commercial real estate advisory and services, JLL will be strongly placed for sustained growth in this important market.”
In the first quarter of 2024, South Korea witnessed an investment influx of US$4.3 billion, up 73% year-on-year, according to JLL data. The office sector, in particular, performed well owing to scarce vacancies and high leasing demand.
Yi joins JLL from CBRE Global Investors, where he was country head for Korea. He held this leadership role for nine years, joining in 2015. Prior to this, he was regional director for JLL capital markets in Korea.
He brings diverse experience from a variety of leading Korean and global real estate firms including Daelim Industrial, HMC Investment Securities, ING Real Estate Investment Manager, and Savills.
