Hwau Recruits Attorney Kang Beomgu, Expert in REITs and Real Estate PF

Former Head of Legal Support and REITs Review at the Korea Real Estate Board

Law firm Hwau announced on the 4th that it has recruited Attorney Kang Beomgu (40th class of the Judicial Research and Training Institute), an expert in REITs (Real Estate Investment Trusts), real estate project finance (PF), urban redevelopment, and land compensation, as a partner lawyer.

Kang Beomgu, Attorney at Hwau

After completing the Judicial Research and Training Institute, Attorney Kang joined the Korea Appraisal Board (now the Korea Real Estate Board) in 2011 and worked there for about 14 years, serving as Head of the Legal Support Department and Head of the REITs Review Department. As the head of the department in charge of overseeing REITs review work at that time, he led the licensing and authorization for asset management companies (AMCs) and the establishment of REITs, and, while serving as Head of the Legal Support Department, he handled legislation and advisory work related to real estate finance and the overall public real estate policy.

In particular, he is known to have overseen key real estate制度 design and legislative improvement work, including the Real Estate Investment Company Act, the introduction of project REITs, and the establishment of REITs supervision and inspection systems. He also has experience directly participating in core制度 improvements through collaboration with the Ministry of Land, Infrastructure and Transport.

Hwau expects that with the addition of Attorney Kang, it will strengthen its advisory capabilities related to real estate transactions, including REITs and real estate asset management company licensing and authorization, real estate finance and PF, urban redevelopment, and land compensation. Based on his extensive practical experience at public institutions, and his understanding of制度 and insight into policy trends, the firm believes it will be able to provide clients with more practical and strategic advice in the real estate finance and development project environment.

Hwau Managing Partner Attorney Lee Myoungsoo said, "The REITs, real estate finance, and urban redevelopment sectors are areas that are directly affected by policy and制度 changes," adding, "The role of experts who understand both practice and legislation is becoming increasingly important." He continued, "With the addition of Attorney Kang Beomgu, Hwau is now able to provide comprehensive legal services in the fields of REITs and real estate finance, urban redevelopment, and land compensation, covering everything from licensing and regulatory response to dispute resolution."

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