THE KOREA ECONOMIC DAILY, GLOBAL EDITION

The coronavirus impact will likely spill over to the commercial real estate market around the fourth quarter of this year, with a spike in office vacancies and rent drops pushing real estate prices lower, said the South Korean Military Mutual Aid Association’s (MMAA) chief investment officer.

Jae Dong Kim, who leads the MMAA’s financial operations, cautioned that cinemas and restaurants surviving with temporary rent reprieve could be closed down in the following months.

“In ...