KTB Asset Management Launches REITs in Full Swing... Obtains Approval from Ministry of Land, Infrastructure and Transport

Ministry of Land Grants Approval for REITs Asset Management Company Establishment

[Asia Economy Reporter Minwoo Lee] KTB Asset Management is set to actively expand its REITs (Real Estate Investment Trusts) business.

On the 12th, KTB Asset Management announced that it had obtained the official approval for a REITs Asset Management Company (AMC) from the Ministry of Land, Infrastructure and Transport on the 11th. Through this, the company plans to accelerate its REITs business, particularly focusing on public listing REITs. Last month, it was shortlisted in the bid for the CJ CheilJedang Center, and it is preparing new REITs products linked with overseas alternative investments alongside securing new domestic properties.

The REITs business will be overseen by Vice President Hakgu Lee of KTB Asset Management’s Alternative Investment Division. Vice President Lee previously worked on REITs operations at DBPA Korea, a joint REITs asset management company between Samsung Life Insurance and Deutsche Bank. He stated, "Recently, the Ministry of Land, Infrastructure and Transport and financial authorities have been benchmarking advanced countries to expand the market by absorbing liquidity and increasing investment opportunities for the public," adding, "KTB Asset Management also plans to contribute to the expansion and diversification of the REITs market in line with this trend."

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