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Jipyong Launches Project REITs Integrated Support Center

2025.07.21

Jipyong has launched the Project REITs Integrated Support Center in response to the amended Real Estate Investment Company Act, which introduces the “Project REITs” system effective November 2025.  This new system aims to stimulate real estate development project investments by providing significant regulatory relief, including:

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			<td>Exemption from stock distribution and public offering requirements until project completion;  </td>
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			<td>Simplified business commencement procedures, requiring only a business report rather than formal authorization;  </td>
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			<td>Extension of the post-completion public offering obligation period to five years.  </td>
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Jipyong played a pivotal role in the legislative process, conducting research for the Ministry of Land, Infrastructure and Transport and contributing to the drafting of the new provisions.  The Project REITs Integrated Support Center, headed by attorney Seok Jae LEE, offers comprehensive advisory services throughout the lifecycle of a Project REIT, from establishment to development and operation.  The Center’s multidisciplinary team includes experts in REITs and funds, finance, and construction and real estate, ensuring clients receive holistic and practical guidance on navigating the new regulatory environment.   
 
The Project REITs Integrated Support Center will provide a comprehensive advisory system covering the entire process, from the establishment of a Project REIT to its development and operational stages.  It plans to offer support to effectively address various issues that may arise at each stage.   
 
Attorney Seok Jae LEE, who has advised on numerous large-scale REITs transactions, including the public offering and listing of E-KOCREF, the first anchor REIT in Korea, will lead the center.  Key members include: REITs & Funds Practice: attorneys Joon Hyuk LEE, Seung Hwan LEE, Sang Won KANG, and Boseul KIM, and expert advisor Hyoung June KIM; Finance Practice: attorneys Sang Hoon AHN and Sang Bae PARK; Construction & Real Estate Practice: attorneys Han Sa SONG and Min Jae KANG.   
 
[Korean Article References]

<ul>
	<li><a href="https://www.ajunews.com/view/20250702143640431" target="_blank">Aju Business Daily - [Law Firm Lounge] Jipyong Launches Project REITs Integrated Support Center (July 2, 2025)</a></li>
	<li><a href="https://www.lawtimes.co.kr/news/209392" target="_blank">The Law Times - Jipyong Launches Project REITs Integrated Support Center (July 2, 2025)</a></li>
	<li><a href="https://biz.chosun.com/topics/law_firm/2025/07/02/V6JSLGVKXZHRFDLA6C64XNIKQM/?utm_source=naver&utm_medium=original&utm_campaign=biz" target="_blank">Chosun Biz - Jipyong Launches Project REITs Integrated Support Center (July 2, 2025)</a></li>
</ul>
 
  
[A Photo of Jipyong's Project REITs Integrated Support Center]  <img alt="" height="483" src="https://www.jipyong.com/uploads/editor/image/2025/07/20250716084705_photo_250702_homepage.jpg" width="800" />

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