PR99823

SEOUL, South Korea, March 23, 2023 /PRNewswire=KYODO JBN/ --

-RSQUARE achieved a growth of more than four times in just four years, from

2018 to 2022.

-Anticipating "solid growth even in a recession, RSQUARE plans to develop new

businesses such as investment advisory and data analytics, building upon a

strong foundation of existing business."

RSQUARE, led by CEO John Woo Lee, is a commercial real estate data firm that

has recently gained recognition for its exceptional expansion in the Asia

Pacific area. The company has earned the esteemed title of "Asia Pacific High

Growth Company" for two years in a row from both Global Media Financial Times

(FT) and international market research firm Statista.

On the 15th (local time), FT and Statista revealed their list of the top 500

fastest-growing companies in the Asia-Pacific region from 2018 to 2021.

According to the report, RSQUARE saw a remarkable sales growth rate of 143.1%,

increasing from $34.5 million in 2018 to $85 million in 2021.

RSQUARE has demonstrated incredible growth over the past four years. In the

previous year alone, the company achieved sales totaling 185 billion won

(roughly $141.44 million). This signifies a substantial increase of 362.7% in

dollar terms compared to 2018. In a span of just four years, RSQUARE's sales

have more than quadrupled.

Amidst a tumultuous corporate management environment marked by high interest

rates, a sluggish economy, and a downturn in the investment market, RSQUARE has

managed to stay afloat and continued to grow by fortifying its existing and new

businesses. Notably, RSQUARE's contribution to new business ventures such as

investment advisory, providing consultation on the sale and purchase of both

large and small-to-medium-sized assets, and data analytics that leverages data

from 300,000 domestic and international business and commercial buildings to

provide valuable insights, has been instrumental to its growing success.

Additionally, we are in the process of developing a solution that offers a

visual representation of commercial real estate market information. Our

solution will provide comprehensive information on building specifications,

supply, leases, sales, transaction cases, regional trends, tenant status,

vacancy rates, and cap rates (return on investment) based on data directly

surveyed from business and commercial facilities such as offices and logistics

centers. In the future, we plan to expand our asset coverage to include retail

and knowledge industry centers as well.

This year marks the fifth edition of the 'Asia Pacific High Growth Companies'

event, jointly hosted by FT and Statista. The survey was conducted on companies

with sales of $100,000 or more in 2018 and $1 million or more in 2021.

When categorized by country, Japan had the highest number of companies with

136, followed by South Korea (78), Singapore (75), and India (73). According to

FT, 26.4% of Asia Pacific's high-growth companies belong to the IT and software

sector, while 8% are in marketing and advertising.

SOURCE: RSQUARE

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