Effective date: December 7, 2026
1. About These Terms
1.1 These Terms of Service ("Terms") govern your access to and use of SPI Global, available at global.seoulpi.io, and any related services we provide (together, the "Service"). The Service is operated by Seoul Property Insight Corp. ("SPI," "we," "us," or "our"), a company organized under the laws of the Republic of Korea.
1.2 By creating an account and indicating your acceptance, you agree to these Terms. If you do not agree, do not use the Service. Our Privacy Policy explains how we handle your personal information.
1.3 If you use the Service on behalf of an organization, you confirm that you are authorized to accept these Terms on its behalf, and "you" includes that organization where the context requires.
2. Eligibility
2.1 The Service is intended for professionals at institutional investors, asset managers, lenders, advisors and other organizations active in commercial real estate outside the Republic of Korea.
2.2 You must register with a business email address issued by your organization. We do not accept personal webmail addresses (such as Gmail or Outlook.com) or disposable email addresses.
2.3 The Service is not offered to individuals or organizations based in the Republic of Korea. We may restrict registration or access based on your email domain, network location (including IP address), or other reasonable signals. We may grant exceptions at our discretion.
2.4 You must be at least 18 years old to use the Service.
2.5 We may decline or cancel a registration if we reasonably believe that the information provided is inaccurate, that you do not meet these eligibility requirements, or that your account was previously suspended for a breach of these Terms.
3. Your Account
3.1 Sign-in. You sign in by entering your business email address and using the one-time link or code that we send to that address. We do not use passwords. You are responsible for keeping access to your email account secure.
3.2 Profile information. Before you can use the Service, you must provide your full name, organization, job title and the country where you are based. You agree to provide accurate information and to keep it up to date.
3.3 Personal use. Your account is for your individual use only. You may not share, transfer or sell your account, or allow anyone else to access the Service through it. You are responsible for all activity that occurs through your account.
3.4 Updating your information. To update your profile information, contact us at contact@seoulpi.co.kr.
4. Access Levels and Fees
4.1 The Service offers different levels of access. Basic access is available when you complete registration. Extended access may be made available when you submit the Unlock Extended Access form. Each level may differ in the number of articles and reports you can read each day, the parts of the Deal List you can view, and the availability of features such as search.
4.2 We determine the scope, limits and features of each access level, and we may change them at any time. We may not display usage limits or your remaining usage within the Service.
4.3 Submitting the Unlock Extended Access form does not create any payment obligation, purchase commitment or binding offer by either party. By submitting the form, you ask us to contact you about your request, and you agree that we may use the information you provide to respond to you and to discuss SPI's subscription offerings. We may grant, modify or withdraw Extended access at our discretion.
4.4 The Service is currently provided free of charge. If we introduce paid plans in the future, we will notify you in advance, and we will not charge you any fees without your separate agreement.
5. Content, Translations and Data
5.1 AI-assisted translation. Most content on the Service is originally written in Korean and translated into English using artificial intelligence, with limited human review. Explanatory notes, previews and other supplementary text may also be generated by artificial intelligence. Translations and generated text may contain errors, omissions or inaccuracies. The Korean original published by SPI is the authoritative version of each article.
5.2 Deal List and market data. Deal List entries and other market data are compiled from public filings, industry sources and our own reporting. They may be incomplete, may not reflect the latest status of a transaction, and may be updated or removed without notice.
5.3 No investment advice. The Service is provided for general information only. Nothing on the Service constitutes investment, legal, tax, accounting or other professional advice, or an offer or solicitation to buy or sell any asset, security or interest. You are solely responsible for your own investment decisions and should obtain independent advice where appropriate. SPI is not responsible for any loss or damage arising from any decision you make, or action you take, in reliance on the Service or its content.
5.4 Third-party links. The Service may contain links to third-party websites. We do not control and are not responsible for their content or practices.
6. Intellectual Property
6.1 SPI and its licensors own all rights, title and interest in the Service and its content, including articles, translations, explanatory notes, Deal List data, reports, databases, software, design and trademarks. These are protected by the copyright, database and other intellectual property laws of the Republic of Korea and other jurisdictions.
6.2 Subject to these Terms, we grant you a limited, non-exclusive, non-transferable and revocable license to access and view the content made available to your access level, solely for your own use in the course of your work. Only you, as the registered account holder, may use the Service and its content.
6.3 Except with our prior written consent, you may not copy, reproduce, transmit, distribute, publish, sell, sublicense, modify or create derivative works or databases from any part of the Service or its content, or share it with any other person, including colleagues within your own organization. You may not process content from the Service for commercial purposes, or present it to others as information verified or guaranteed by SPI for any transaction or investment.
7. Prohibited Conduct
You may not, and may not allow or assist anyone else to:
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use bots, crawlers, scrapers, spiders, scripts or any other automated means to access, collect, copy or monitor the Service or its content;
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systematically download or compile content or data from the Service, including to build a database or a competing product or service;
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query or collect Deal List data in bulk, or reconstruct the Deal List by combining pages, filters, search results or accounts;
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take screenshots or screen recordings of, save, print or distribute content from the Service, except as permitted in Section 6.2;
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bypass, disable or interfere with any access limit, gate, CAPTCHA, content protection measure or other technical or security measure of the Service, or attempt to do so;
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use any tool designed for the unauthorized copying, downloading or distribution of content;
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reverse engineer, decompile or otherwise attempt to extract the source code, databases or algorithms of the Service;
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use a VPN, proxy or other means to conceal your location or to circumvent the eligibility or geographic restrictions in Section 2;
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create multiple accounts, use another person's account, or allow any other person to use your account, to obtain access beyond what your access level allows;
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use content from the Service to train, fine-tune, test or improve any artificial intelligence or machine learning model, or to create datasets for such purposes;
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provide false information, use another person's identity, or misrepresent your affiliation or location;
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use the Service for sales or promotional activities without our prior consent;
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interfere with or disrupt the operation, security or integrity of the Service; or
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use the Service for any unlawful purpose or in violation of these Terms.
8. Monitoring and Enforcement
8.1 We monitor use of the Service to detect automated access, scraping and other activity that may violate these Terms.
8.2 We may apply content protection measures to the Service, such as screen capture prevention, copy restrictions and watermarking.
8.3 If we detect unusual or excessive activity, we may require you to complete a CAPTCHA, send a warning to your registered email address, or limit your access.
8.4 If you violate these Terms, we may, depending on the nature, severity and frequency of the violation, issue a warning, suspend your access to all or part of the Service temporarily, or terminate your account permanently. For violations of Section 7, we may suspend or terminate your account without prior notice.
8.5 If your violation causes damage to SPI or a third party, you are liable to compensate for that damage. We may also take civil or criminal action under applicable law.
9. Communications
9.1 Service emails. We send emails that are necessary to operate the Service, such as sign-in codes and important notices about your account or these Terms. You cannot opt out of these emails while your account remains active.
9.2 Newsletter. We send our newsletter only if you opt in. You can unsubscribe at any time by using the link included in each newsletter.
10. Closing Your Account; Suspension and Termination
10.1 You may close your account at any time by emailing contact@seoulpi.co.kr from your registered email address. We will process your request within a reasonable time and handle your information as described in our Privacy Policy.
10.2 We may suspend or terminate your account if you breach these Terms, if you no longer meet the eligibility requirements, if required by law, or if we discontinue the Service. Where practicable, we will notify you in advance.
10.3 Sections 5, 6, 7, 12, 13, 14 and 15 survive the closure or termination of your account.
11. Changes to the Service
We may add, change, suspend or discontinue any part of the Service, in whole or for particular countries or regions, at any time at our discretion. We may temporarily suspend the Service for maintenance, system failures or other unavoidable circumstances, and we will notify you in advance or, where that is not practicable, afterward. Content may be restricted, changed or removed at the request of a rights holder or as required by law. If we discontinue the Service as a whole, we will notify you in advance where practicable.
12. Disclaimers
To the fullest extent permitted by applicable law, the Service and all content are provided "as is" and "as available," without warranties of any kind, whether express or implied. We do not warrant that the content, including translations and Deal List data, is accurate, complete or current, or that the Service will be uninterrupted or error-free.
13. Limitation of Liability
13.1 To the fullest extent permitted by applicable law, SPI will not be liable for any indirect, incidental, special, consequential or punitive damages, or for any loss of profits, revenue, data or investment opportunity, arising out of or in connection with the Service or these Terms.
13.2 To the fullest extent permitted by applicable law, SPI's total liability arising out of or in connection with the Service or these Terms will not exceed USD 100.
13.3 Nothing in these Terms excludes or limits SPI's liability for damages caused by its intentional misconduct or gross negligence, or any other liability that cannot be excluded or limited under applicable law.
14. Governing Law and Disputes
These Terms are governed by the laws of the Republic of Korea. We will first seek to resolve any dispute arising out of or in connection with these Terms or the Service through good-faith consultation with you. Any dispute that cannot be resolved in this way will be subject to the exclusive jurisdiction of the Seoul Central District Court of the Republic of Korea as the court of first instance.
15. Changes to These Terms
15.1 We may update these Terms from time to time. We will post the updated Terms on the Service, together with their effective date, at least 7 days before they take effect. If a change is materially adverse to you, we will give at least 30 days' notice and also notify you by email.
15.2 If you continue to use the Service after the updated Terms take effect, you will be deemed to have accepted them. If you do not agree, you may close your account under Section 10.1.
16. General
16.1 These Terms, together with the Privacy Policy, are the entire agreement between you and SPI regarding the Service.
16.2 If any provision of these Terms is held invalid or unenforceable, the remaining provisions remain in effect.
16.3 Our failure to enforce any provision is not a waiver of our right to do so later.
16.4 You may not assign or transfer these Terms without our prior written consent. We may assign these Terms in connection with a merger, acquisition or transfer of all or part of our business.
16.5 These Terms are written in English. If we provide a translation, the English version prevails in the event of any inconsistency.
17. Contact Us
Seoul Property Insight Corp.
Address: 3F, Seoul Finance Center, 136 Sejong-daero, Jung-gu, Seoul 04520, Republic of Korea
Business Registration No.: 893-86-01031
Email: contact@seoulpi.co.kr