R Square Appoints Former Minister of Land, Infrastructure and Transport Noh Hyung-wook as Outside Director

Al Square, a company specializing in commercial real estate data, announced on the 27th that it has appointed former Minister of Land, Infrastructure and Transport, Noh Hyung-wook, as an outside director.

[Asia Economy Reporter Kim Min-young] RSquare, a company specializing in commercial real estate data, announced on the 27th that it has appointed former Minister of Land, Infrastructure and Transport Noh Hyung-wook as an outside director.

Outside Director Noh served as the Minister of Land, Infrastructure and Transport from 2021 to 2022. In 2014, while serving as the Deputy Director of Fiscal Management at the Ministry of Strategy and Finance, he introduced wage peak systems and performance-based pay systems. He contributed to completing structural reforms in the public sector.

Noh entered public service by passing the 30th Administrative Examination. He graduated from Gwangju Jeil High School and Yonsei University with a degree in Political Science and Diplomacy, and earned a master's degree in International Economics from Sciences Po in Paris, France. He served as the General Manager of Fiscal Affairs at the Planning and Budget Office, and held positions such as Administrative Budget Officer, Public Innovation Planning Officer, and Fiscal Management Officer at the Ministry of Strategy and Finance.

Outside Director Noh also decided to join RSquare to work with the ‘2030 generation’ and young companies centered around them. RSquare has 80% of its employees under the age of 40. The company is breaking existing conventions and innovating the market with thoroughly surveyed data, offering commercial real estate services.

An RSquare official stated, "The rich experience of former Minister Noh combined with the young members' quick decision-making and drive will enable us to achieve growth and solidify our foundation," adding, "We will further accelerate new businesses and overseas operations utilizing commercial real estate data."

Based on 300,000 domestic and international data points, RSquare provides services related to commercial real estate such as data analytics, office, logistics center, and retail leasing, real estate asset management (PM), and interior remodeling. In the commercial real estate market, which is centered on institutional investors and corporations, RSquare resolves consumer information asymmetry through data and achieved 120 billion KRW in order revenue last year. It ranks first among domestic proptech companies in terms of sales.

This content was produced with the assistance of AI translation services.