Viewpoint

Impact and Outlook of the Real Estate Market after the 22nd National Assembly

Real estate market unlikely to be affected by opposition victory in National Assembly elections

May 8, 2024 5 Minute Read

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Last month’s legislative elections in Korea were widely seen as a referendum on the current government. The main opposition Democratic Party of Korea (DP) won 175 seats, securing about 60% of the National Assembly, followed by the ruling People's Power Party (PPP), with 108 seats. The DP's victory was widely expected and the 22nd National Assembly is scheduled to begin its four-year term on May 30.

 

CBRE would like to examine the impact and outlook on the commercial real estate market as the results of the 22nd general election through this Viewpoint.