South Korea Facility Management Industry Overview
The South Korea Facility Management Market is highly competitive with the presence of diverse firms of different sizes. This market is anticipated to encounter a number of partnerships, mergers, and acquisitions as organizations continue to invest strategically in offsetting the present slowdowns that they are experiencing. The clients in this region are employing FM services to increase the ease of their business operations. The market comprises key solutions and service providers, such as Samkoo Inc Co., Ltd, Hyundai GBFMS, CBRE Group, Inc., Sodexo Oy, and Savills Plc, among others.
- February 2022 - Macquarie Korea Opportunities Fund acquired South Korean conglomerate LG Group's in-house facility management (FM) business for around USD 304 million. The fund acquired a 60% stake plus management rights for the S&I FM division, LG Group's in-house building maintenance and management business, for USD 304.1 million.
- January 2022 - Savills completed the acquisition of the Merx Group of companies, a project management consulting firm operating across Asia. The deal reflects Savills global strategy of continuing to invest in its project management and real estate consulting capabilities. The acquisition would provide the company with the opportunity to provide a more comprehensive facility management service to its clients across a wider geography.
South Korea Facility Management Market Leaders
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Samkoo Inc Co., Ltd
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Hyundai GBFMS
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CBRE Group, Inc.
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Sodexo Oy
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Savills Plc
- *Disclaimer: Major Players sorted in no particular order
