# Woomi Development

Woomi Development is a Corporate Investor based in Seoul, South Korea.

## Overview

- **Organization type:** Corporate Investor
- **Headquarters:** Seoul, South Korea
- **Region:** Asia
- **Address:** Seoul, South Korea
- **Founded:** 1989
- **Assets under management:** 73 (Altss estimate)
- **Website:** www.woomi.co.kr
- **LinkedIn:** https://www.linkedin.com/company/woomi

## Regulatory record

- **Reports private funds:** No

## About

Woomi Development was established in 1989 by Lee Gwang-rae. The company focuses on real estate development and construction in South Korea. The firm holds residential assets under the Woomi Lynn Apartment brand and commercial properties such as Lynn Square in Gangnam-gu, Seoul.0 Complex. It also maintains the US Amazon Logistics Warehouse Portfolio. The firm participates in the Heritage Metaverse cultural restoration project alongside Cheil Worldwide. Woomi Development maintains membership in the Korea Housing Association and the Construction Association of Korea. It operates the Woomi Hope Foundation as a philanthropic vehicle. The firm is structured as a corporate investor with direct ownership of development projects rather than fund commitments.

## Sectors

- Real Estate
- Infrastructure

## People

- Lee Gwang-rae — Founder
- Lee Seok-jun — Chairman of Woomi Construction and Vice Chairman of Woomi Global
- Yeong-Han Bae — CEO and Co-President of Woomi Global

## Questions

### Who founded Woomi Development?

Lee Gwang-rae founded the firm in 1989.

### What asset classes does Woomi Development hold?

The firm holds residential, commercial, and industrial real estate assets in South Korea and the United States.

### Which industry associations does Woomi Development belong to?

Woomi Development is a member of the Korea Housing Association and the Construction Association of Korea.

### What is the geographic scope of Woomi Development's portfolio?

The portfolio includes assets in Seoul, Gyeonggi-do, South Korea and a US Amazon Logistics Warehouse Portfolio.

## Related profiles

- [Ruukki](https://altss.com/profile/ruukki)
- [Arete Foundation](https://altss.com/profile/arete-foundation)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/woomi-development

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