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South Koreans made a $1.56 billion investment in the US commercial real estate market in the first three quarters of this year, accounting for 8.6 percent of the total, according to statistics by commercial real estate research firm Real Capital Analytics.
The figure represents a significant increase from the investments made by South Koreans last year that accounted for 3.7 percent.
South Korean investors, who boosted their investments in commercial real estate properties and warehouses in the US due to extremely low-interest rates, are now the third-largest group behind Canadians and Germans.
The investment from South Korea was the 10th-largest in January to September 2019 at US$1.24 billion.
While the US real estate investment from South Koreans is soaring, those from other countries are refraining from investing in the US capital market due to the pandemic, and Chinese investment is decreasing due to government control.
