Top 50 Conglomerates' Non-Core Real Estate Holdings Surpass 106 Trillion Won

The real estate assets held by South Korea's top 50 conglomerates for investment purposes, rather than direct business use, have surpassed 106 trillion won, marking a 4.2% increase from the previous year. This figure is based on an analysis of the total investment real estate value disclosed by 181 affiliates belonging to the top 50 groups that have reported their non-business real estate values for two consecutive years.

By group, Samsung and Lotte held the largest amounts at 12.769 trillion won and 11.5178 trillion won, respectively, both exceeding 10 trillion won. Samsung's holdings decreased by 8.2% year-on-year, while Lotte's increased by 11.5%. A total of 25 groups were found to possess non-business real estate valued at over 1 trillion won. The Daou Kiwoom Group saw the largest increase, with its non-business real estate rising 71.9% year-on-year to 4.3683 trillion won in 2025, while Shinsegae Group's holdings decreased by 10.6% to 4.0493 trillion won.

Four groups had non-business real estate as a proportion of their total assets exceeding 10%: HDC Group (15.3%), KT&G Group (11.1%), KT Group (10.5%), and Hyundai Department Store Group (10.0%).

Forty-six affiliates reported fair values more than double their book values, with 17 affiliates reporting fair values exceeding 300% of their book values. HDC Youngchang recorded the highest ratio at 857.3% of its book value. Twelve groups reported rental yield rates of 5% or higher relative to fair value, with CJ Group showing the highest yield at 9.6%.