Greystar Launches South Korea Platform, Names Junghwan Kang as Country Head
Seoul, South Korea – 2025 May 16 – Greystar, a global leader in rental housing property development, construction, and management, today announced the official launch of its South Korea platform with the opening of an office at One Grove in Seoul’s Magok District. Junghwan Kang has been appointed as Managing Director and Head of Korea, bringing more than two decades of experience in real estate investment and capital markets.
The South Korea platform will support Greystar’s continued expansion in the Asia Pacific region, building on the firm’s strategies across global gateway cities. Kang will report to Bianca Solomons, Managing Director for the broader region.
“South Korea, and Seoul in particular, has been on our roadmap since we began evaluating broader expansion in Asia Pacific,” said Bob Faith, Founder, Chairman, and CEO of Greystar. “We see strong long-term growth potential in the market, with compelling fundamentals that mirror many of our successful platforms across the region. With a strategic location, number of institutional partners, and a growing demand for high-quality rental housing, now is the right time to establish our presence.”
Kang joins Greystar from Samsung SRA Asset Management, where he most recently served as Head of Portfolio Management, managing both domestic and international real estate investments and leading key strategy initiatives. He began his career in 2002 at Samsung Life Insurance’s real estate division, holding various roles in asset management and investment. His experience spans development, portfolio management, and fund structuring for both domestic and international assets.
“What sets Greystar apart is not just its global scale, but its operational platform,” said Kang. “That’s a powerful differentiator in Korea, where the rental housing sector is still maturing. Greystar’s approach to long-term presence and global collaboration positions us to develop a meaningful and lasting platform in Korea.”
He holds a Bachelor’s degree in Urban Planning from Yonsei University and a Master’s in Real Estate from Cornell University.
The Seoul office will serve as a regional hub for investment, development, and operations, with plans to grow the team strategically alongside local and global partners.
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About Greystar
Greystar is a leading, fully integrated global real estate company offering expertise in property management, investment management, development, and construction services in institutional-quality rental housing. Headquartered in Charleston, South Carolina, Greystar manages and operates approximately $320 billion of real estate in nearly 250 markets globally with offices throughout North America, Europe, South America, and the Asia-Pacific region. Greystar is the largest operator of apartments in the United States, manages over 1,000,000 units/beds globally, and has a robust institutional investment management platform comprised of over $79 billion of assets under management, including $36 billion of development assets. Greystar was founded by Bob Faith in 1993 to become a provider of world-class service in the rental residential real estate business.
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Garrett Derderian
Senior Director, Head of External Communications, Americas & APAC
garrett.derderian@greystar.com