ProLogis Research Group releases new report on South Korea's industrial property markets

ProLogis (NYSE: PLD), a leading global provider of distribution facilities, today released a new research report entitled, "South Korea's Logistics Property Markets: Playing Catch-Up."

The report examines South Korea's under-developed industrial property markets against the backdrop of its postwar economic success. The report analyzes how this sector has been affected by the historical, political and geographical landscape of the country. It goes further to discuss how, over the past few decades, South Korea has made tremendous strides economically and how only recently the country has begun to focus on building modern distribution and supply chain networks.

"It is estimated that 95 percent of the existing inventory of warehouse and distribution space in South Korea is outdated and obsolete," commented Len Sahling, first vice president of the Prologis Research Group. "In response to intensifying global pressures, South Korean companies have begun to realize that they will need to create world-class logistics and supply chain networks to remain competitive in the world economy. Because South Korea's economy has remained vibrant through the worldwide recession and its real GDP is expected to resume growing at a rapid pace when the recession finally ends, the country's logistics property markets appear to possess abundant upside potential."