Korean Real Estate Management Association to Hold 'Real Estate Industry Response Strategy' Seminar on the 25th
The Korea Real Estate Management Association announced on the 22nd that it will hold a second half academic seminar on the 25th at 2 p.m. at the Korea Association of Realtors Hall, under the theme "Response Strategies of the Real Estate Industry to the Perfect Storm Situation."
![[Image source=Yonhap News]](http://www.asiae.co.kr/news/img_view.htm?img=2023112211101862203_1700619017.jpg)
The association diagnoses that unstable factors such as the slowdown in domestic economic growth, increased project costs due to high interest rates, worsening management in the real estate industry, and a sharp decline in housing starts and permits constitute a "perfect storm" that could have a destructive impact on the real estate sector.
The seminar will be moderated by Professor Seo Jin-hyung of Gyeongin Women's University and will feature presentations on ▲ Policy measures to support housing for newlyweds (Dr. Sung Jin-wook, SH Urban Research Institute) ▲ Store management strategies of multinational retail companies - focusing on Walmart, Carrefour, and Tesco stores in Korea - (Professor Park Moon-soo, Sangmyung University) ▲ The impact of potential risks of nuclear facilities on land prices in nearby areas (Shin Jeong-hoon, PhD candidate at Kwangwoon University).
Following the presentations, discussions will be held with Professor Lee Jae-soon (Hoseo University), Professor Lee Chun-won (Kwangwoon University), Professor Park In (Soongsil Cyber University), Professor Park Pil (Dong Seoul University), Dr. Lee Kwang-gyun (Hanyang University), and Professor Han Sang-hoon (Jungwon University).
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Kim Hak-hwan, president of the Korea Real Estate Management Association, emphasized, "The real estate industry in our country needs to proactively prepare response strategies based on awareness and vigilance regarding the perfect storm situation. Through these strategies, the real estate sector should grow once again and contribute to the development of the national economy."
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