In July 2025, Jipyong launched the Project REITs Integrated Support Center to provide comprehensive advisory services for clients seeking to invest in real estate development projects through Project REITs. The Center is staffed by professionals from Jipyong’s REITs Fund Group, Finance Group, and Construction & Real Estate Group, and delivers integrated and optimized legal services tailored to the need of each client.
Experience in Designing the Project REITs Framework
From December 2023 to August 2024, Jipyong conducted the “Research Service for the Reform Plan for the Underlying System of the Real Estate Investment Company Act,” commissioned by the Ministry of Land, Infrastructure and Transport. During this project, Jipyong proposed the introduction of Project REITs and drafted a new provision (Article 26-4 of the amended Real Estate Investment Company Act) to facilitate their implementation, working closely with relevant government officials. This experience has given Jipyong unique expertise in understanding the background and objectives of Project REITs, interpreting the relevant legal provisions, and developing practical strategies for their application.
Optimal Partnership for Establishment of New System
As a newly introduced investment vehicle, Project REITs allow real estate development projects to be carried out through an incorporation registration process under the Real Estate Investment Company Act. The successful establishment and operation of this system require close cooperation with key institutions, including the Ministry of Land, Infrastructure, and Transport and the Korea Real Estate Board. Jipyong’s team includes specialized professionals, such as Senior Advisor Mr. Hyoung June KIM, former Head of the REITs Review Department at the Korea Real Estate Board, ensuring the clients receive expert support in navigating and utilizing the new system effectively.
Proven Expertise Leading the Market
Since the inception of the REITs and real estate fund markets, Jipyong has earned the trust of numerous clients through its extensive experience and expertise in these sectors. Building on this foundation, Jipyong provides premier legal services in the newly introduced field of Project REITs, offering clients the benefit of its proven know-how in real estate projects utilizing REITs.
The attorneys at Jipyong’s Project REITs Integrated Support Center have developed their expertise alongside the growth of the Korean REITs market. As trusted partners dedicated to client success, we deliver accurate and practical legal solutions to clients planning real estate development projects using Project REITs.
Key Practice Areas Close
- Preparation of the articles of incorporation and all other required documents for the establishment of project REITs
- Preparation and review of all documents required for incorporation registration
- Representation in Government relations for incorporation registration
- Advisory on financing and investment structure design for real estate development projects, including proposal and review of new financial instruments
- Advisory on shareholder composition and investor solicitation
- Preparation and negotiation of financing agreements, including shareholders’ agreement, etc.
- Advisory on the design of structures for various development projects, including businesses based on the Housing Act, the Urban Development Act, the Urban and Residential Environment Maintenance Act, the
- Industrial Site and Development Act, and the Logistics Facilities Act
- Preparation and negotiation of various agreements for project financing, including loan agreements, security agreements, and related documents
- Regulatory affairs for development licensing, registrations, filings, etc.
- Preparation and negotiation of various contracts related to development projects, including construction agreements, implementation agreements, shareholders’ agreements, joint venture agreements, entrustment agreements, and service agreements
- Advisory on the transfer and acquisition of development rights
- Resolution of various disputes related to real estate development projects (such as enforcement of security interests such as keun-mortgage of real estate, representation in litigation and arbitration, and enforcement of court-mediated settlements)
- Advisory on REITs licensing or registration after completion of construction and regulatory affairs related therefor
- Preparation and review of all agreements required during the operation stage, including sales and purchase agreements, lease agreements, and property management service agreements
- Advisory on public offering procedures and listing procedures within the mandatory offering period
- Advisory and dispute resolution for various issues arising during the operation stage
[Establishment Stage]
[Development Stage]
[Operation Stage]
Experience Close
- Advised KORAMCO TP REITs Management Co., Ltd. on the development of the Yeouido Teachers’ Pension Fund Center
- Advised Hanwoomul Heavy Industry on the development of a logistics center
- Advised Seoul Changdong Foundation & Culture Urban Regeneration REIT Co., Ltd. on the development of the Changdong Entrepreneurship and Culture Industrial Complex
- Advised on the development of the SK Securities Building in Yeouido
- Advised on the development of Tower 730 in Jamsil, Seoul
- Advised on the development of Hey Ground Building in Seongsu-dong, Seoul
- Advised on the acquisition and development of the Yuanta Securities Building
- Advised Cheongna Medipolis PFV Co., Ltd. on the development of the Cheongna Medical Complex Town
- Advised on the development of residence-type lodging facility in Songjeong-dong, Gangneung
- Advised on the development of a mixed-use residential and commercial building in Banpo, Seoul
- Advised on the development of a mixed-use building in Sujeong-dong, Yeosu
- Advised on a project for construction of a logistics center in Anseong
- Advised on a project for construction of a knowledge industry center in Woncheon-dong, Suwon
- Advised on a project for construction of an officetel and neighborhood living facilities in Ingye-dong, Suwon
- Advised on a project for construction of an officetel in Singal Yongin
- Advised on a project for construction of multi-family housing in Gwaebeop-dong, Busan
- Advised on a project for construction of an urban-style residential building in Seongbok, Yongin
- Advised on the local housing association project in Osan
- Advised on a project for construction of a multiplex housing in Jujung-dong, Cheongju
- Advised on a project for construction of multi-family housing in Bonri-dong, Daegu
- Advised on a project for construction of multi-family housing in Gongju
- Advised on a project for construction of a knowledge industry center in Minrak-dong, Uijeongbu
- Advised on a project for construction of neighborhood living facilities in Oncheon-dong, Busan
- Advised on the pre-sale administration trust business in Beomcheon-dong, Busan
- Advised on a project for construction of an officetel in U-dong, Busan
- Advised on a project for construction of a logistics center in Wonchang-dong, Incheon
- Advised on a project for construction of multi-family housing in Doksan-dong, Seoul
- Advised Namyangju Wolsan Daehan No. 55 REIT on the development of a publicly funded private rental housing project in Namyangju, Gyeonggi-do
- Advised E-Bethesda Daehan 11th REIT on the development of a publicly funded private rental housing project in Bongmyeong-dong, Daejeon
- Advised Seoul Jangwi Daehan No. 52 REIT on the development of a publicly funded private rental housing project in Jangwi-dong, Seoul
- Advised Woomi Daehan No. 48 REIT on the development of a publicly funded private rental housing project in 6-3 Living Zone, Administrative City, Sejong
- Advised Multi-Asset Balsan Station Youth Housing Investment Limited Partnership on the development of youth housing near Balsan Station
- Advised Woori Daeseongmun REITs on the development of a publicly funded private rental housing (station area youth housing) project in Jeonnong-dong
- Advised Noryangjin K-meat Daehan REIT No. 41 on the development of a publicly funded private rental housing (station area youth housing) project in Noryangjin
- Advised Daehan Mukdong REIT on the development of a publicly funded private rental housing (station area youth housing) project in Mukdong
- Advised Umi K-One REIT No. 10 on the development of publicly funded private rental housing project in Pajuunjeong 3
- Advised LT Hana REIT No. 7 on the development of publicly funded private rental housing in Busan
- Advised Gyeryong Kocref REIT No. 1 on the development of publicly funded private rental housing in Sejong
- Advised Hanshin Daehan REIT No.1 on the development of Incheon Gumdan AB5BL publicly funded private rental housing
- Advised Suwon Youth Housing Daewoo K-One REIT No. 9 on the development of Suwon Godeung A-2BL publicly funded private rental housing
- Advised Seohee Daehan Star Hillstage REIT No. 2 on the development of Siheung Janghyeon B-2BL publicly funded private rental housing
- Advised E-Bethesda REIT No. 3 on the development of private rental housing in Daejeon
- Advised Hill State Bongdam Daehan New Stay REIT No.6 on the development of Hwaseong Bongdam B-3BL publicly funded private rental housing project
- Advised Samjeong Daehan REIT No. 1 on the development of a publicly funded private rental housing project in Sinam-dong, Dong-gu, Daegu
- Advised Woomi Daehan REIT No. 48 on the development of 6-3 Living Zone M3BL publicly funded private rental housing project in Sejong Special Self-Governing City
- Advised E-Bethesda Daehan REIT No. 9 on the development of a publicly funded private rental housing project in Munhwa-dong, Jung-gu, Daejeon
- Advised Gyeryong Daehan REIT No. 3 on the development of Daeso Samjeong District A3BL publicly funded private rental housing project in Eumseong-gun, Chungbuk
- Advised K-One No. 25 Geomdan Punggyeongchae REIT on the development of Geomdan New Town AB21-2BL publicly funded private rental housing project in Incheon Metropolitan City
- Advised K-One No. 27 Unjeong Punggyeongchae REIT on the development of Paju Unjeong 3 A3BL publicly funded private rental housing project in Paju-si, Gyeonggi-do
[Real Estate Development (Excluding Private Rental Housing)]
[Private Rental Housing Development]
