South Korea's real estate investment trust market expanded by more than 100 trillion won over the past decade and topped 120 trillion won this year. According to Sina Finance, citing the Korea Real Estate Investment Trust Association, South Korea had 470 REITs at the end of July, with total assets of 127.3 trillion won.

Ten years earlier, in 2016, the market had 169 products with assets of 2.51 trillion won. The number of REITs rose about 2.8 times over the decade, while assets expanded to nearly five times their earlier level.

Excluding policy REITs, average dividend yield for all South Korean REITs reached 11.8% at the end of last year. Based on assets under management at the end of July, residential properties accounted for 44.4%, office buildings 34.0%, logistics facilities 6.5%, retail properties 6.4%, and mixed-use properties 4.9%.

By the end of July, housing REITs had supplied a total of 221,084 homes. Of those, 216,009 were rental homes such as public-supported private rental housing, and 4,775 units were available for sale. South Korea had 23 listed REITs at the end of July, with a combined market capitalization of about 8.436 trillion won.