Real estate firm JLL names new head in Korea
Global real estate firm Jones Lang LaSalle (JLL) said Monday it named Chang Chae-hun as the new head of the firm’s Korea business. Chang headed the Korean outfit’s property and asset management division.
According to JLL, Chang, who has 23 years of experience in the real estate businesses in and outside Korea, will assume the post beginning next year.
Chang will succeed Steven Craig, who has been leading JLL Korea for seven years will focus on Korea’s capital markets next year.
“I’m very much looking forward to working with Steven and our local management teams to achieve growth and drive more local business, while delivering the highest standards of service that our clients depend on from us,” Chang said.
“It is certainly an exciting time to take on this role with so much growth and many exciting opportunities in Korea’s real estate sector.”
Chang joined the firm in 2000 and served in a series of senior roles at both JLL and LaSalle Investment Management. He earned his master’s degree in Real Estate Development from Columbia University.
The leadership change is interpreted as the firm’s bid to enhance its business here.
“Korea continues to be one of our key growth markets in Asia and we are excited to be strengthening our leadership team by appointing someone of Chang’s caliber and experience,” said Albert Ovidi, COO of JLL Asia Pacific.
“JLL has been operating in Korea for nearly 20 years and we have steadily built our presence and talent pool here. Today we are proud to be a leading global real estate company that has earned the trust of of our Korean and multinational clients.”
JLL is one of the leading real estate and investment management service firms in the world, posting $5.8 billion in fee revenue and managing offices 409 million square meters in size last year. As of the first quarter of this year, it has nearly 300 corporate offices operating in 80 countries. JLL Korea was established in 2000.