South Korea is a small country—really small. It consists of little more than 38,000 square miles of land (the distance from the northern-most point to the southern-most point of South Korea being just about equal to the distance from Kansas City to Oklahoma City). It has a population of only about 50 million (or just over 3% of the population of China). However, in recent years, according to Jason S. Kim, a partner at law firm Blank Rome, South Korea has been one of the most aggressive accumulators of prime US commercial real estate assets.
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Although small in size and population, South Korea is an economic powerhouse. It is a member of the Organization for Economic Co-operation and Development and the G-20 major economies. South Korea has a market economy that ranks 11th in the world by nominal gross domestic product (GDP is currently at $1.2 billion) and 13th by purchasing power parity. It is the 7th member of the 20-50 club (population surpassing 50 million and maintaining per capita income of $20,000 – per capita income is currently at $33,200).
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
