S. Korea to ease REIT rules to help normalise financing market

Finance Minister Choi Sang-mok speaks during a meeting in Government Complex Sejong, June 17. Yonhap

SEOUL: The finance ministry says it will ease regulations on real estate investment trusts (REITS) as part of efforts to help normalise the real estate project financing sector.

The government said yesterday it will create “project REITs” after drastically lifting regulations so as to allow a greater number of small investors to join the projects and will expand REIT investment targets to health care, data centres and other promising fields, according to the Economy and Finance Ministry.