JLL (NYSE: JLL), a leading global commercial real estate consultant, today announced the appointment of Taeho Yi as Country Manager for Korea, effective June 2024. Based in Seoul, he will be responsible for leading and managing JLL’s operations and strategy in South Korea, including oversight of major business lines – Capital Markets, Markets Advisory and Work Dynamics.  

In this role, he will lead a team providing the full spectrum of real estate services for local and international investors and occupiers, including leasing, investment sales, property and facilities management and project and development services. Taeho will have responsibility for driving operational excellence, nurturing client relationships, and harnessing technology and innovation to deliver best-in-class solutions to meet sophisticated client demands.  

“We’re confident in the long-term prospects of Korea’s dynamic commercial real estate sector and see broad opportunities to further embed JLL’s global expertise into the strategic growth plans of our clients and the wider real estate industry in the country,” says Albert Ovidi, Chief Operating Officer, Asia Pacific, JLL. “With Taeho’s extensive experience across the full spectrum of commercial real estate advisory and services, JLL will be strongly placed for sustained growth in this important market.”    

Taeho joins JLL from CBRE Global Investors, where he was Country Head for Korea. He held this leadership role for nine years, joining in 2015. Prior to this, he was Regional Director for JLL Capital Markets in Korea. He brings diverse experience from a variety of leading Korean and global real estate firms including Daelim Industrial, HMC Investment Securities, ING Real Estate Investment Manager and Savills.   

"Korea shines as a powerhouse in the global real estate arena, with significant activity in both attracting and investing capital offshore," says Rohit Hemnani, Chief Operating Officer, Capital Markets, Asia Pacific, JLL. “Taeho’s world-class investment advisory career and broader commercial real estate achievements will provide our clients with a distinct advantage in South Korea, while complementing the ongoing expansion of our Capital Markets business in Asia Pacific.”  

In the first quarter of 2024, South Korea witnessed a substantial influx of US$4.3 billion in investments, marking a staggering 73% year-on-year growth, according to JLL data. The office sector, in particular, stole the spotlight thanks to its solid fundamentals of scarce vacancies, and high demand for leasing, according to JLL's analysis.  

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