Koramco REITs & Trust Selected as Manager for Government Employees Pension Service's Domestic Real Estate Fund
Selected Through First-Ever Public Bidding Process by the Pension Fund
Koramco REITs & Trust has been selected as the manager for a domestic real estate blind fund by the Government Employees Pension Service.
On June 18, the Government Employees Pension Service announced these results.
The pension fund will commit up to 250 billion won to this fund. Koramco REITs & Trust is expected to raise additional capital from other institutional investors, aiming to scale the fund to around 500 billion won. The investment targets include offices, logistics centers, and data centers.
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An official from the Government Employees Pension Service explained, "For the first time in the domestic real estate sector, we introduced a public bidding process to select an outstanding asset manager. We plan to diversify our real estate investment strategies with a focus on the core-plus approach—investing in high-quality assets while seeking additional returns through small-scale renovations or improvements to leasing structures. Through diversified investment in prime assets, we aim to enhance both stability and profitability."
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