Korea Financial Group Establishes 'Hantu Real Asset Management' Specializing in Alternative Investments Including Real Estate
[Asia Economy Reporter Ji Yeon-jin] Korea Financial Group announced on the 29th that its affiliate, Korea Investment Trust Management, will spin off its real asset alternative investment division to establish Korea Investment Real Asset Management.
Korea Investment Real Asset Management is an asset management company specializing in real estate physical investments and alternative assets. It has a capital of 30 billion KRW and will launch as a 100% subsidiary of Korea Investment Trust Management. Approximately 7 trillion KRW worth of real asset alternative-related assets under management (AUM) of Korea Investment Trust Management will be transferred to the newly established company.
The CEO will be Kim Yong-sik, head of the real asset alternative establishment team at Korea Investment Trust Management (former head of the PF Group at Korea Investment & Securities). CEO Kim is a real estate development finance expert who led the growth of the domestic PF (Project Financing) market while leading the PF Group at Korea Investment & Securities.
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CEO Kim stated, “We plan to secure external competitiveness with internal systems and professional personnel suitable for a specialized real asset and alternative asset management company,” adding, “We will provide investors with opportunities to invest in high-quality domestic and international alternative investment products through the supply of various investment products.”
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