Heritage Asset Management Donates 200 Million KRW to Overcome COVID-19

[Asia Economy Reporter Minji Lee] Heritage Asset Management announced on the 20th that it donated 200 million KRW to the Hope Bridge National Disaster Relief Association to participate in social efforts to overcome the novel coronavirus infection (COVID-19).

Heritage Asset Management utilizes a certain portion of its annual net profit for contribution activities to fulfill its corporate social responsibility. This corporate management philosophy is included in the company’s articles of incorporation. The company plans to continue making donations steadily in the future.

This donation gained momentum as an internal consensus was formed that faster support is needed for local communities struggling due to the COVID-19 situation.

Song Hyun-seok, CEO of Heritage Asset Management, said, “The company’s management philosophy is to return a portion of profits to grow together with society,” adding, “We hope this will help not only local small business owners who are facing difficulties due to COVID-19 but also medical professionals who have been continuously dedicated.”

Heritage Asset Management was established in September 2018 and registered as a professional private equity collective investment business in March of the following year. As of the end of last month, just over a year after starting operations, the cumulative fund size exceeded 800 billion KRW, and the total real estate finance-related transaction volume surpassed 1.52 trillion KRW, demonstrating rapid growth.

This content was produced with the assistance of AI translation services.