GH Expands Business Area of Asset Management Company (AMC) Specialized in Asset Management

Gyeonggi Housing and Urban Corporation (GH) has received preliminary approval for an Asset Management Company (AMC) license.

An AMC is a company entrusted with asset management tasks for a nominal company, a delegated management real estate investment trust (REIT), handling a series of processes from selecting investment targets to establishing and obtaining business approval for the REIT, fundraising, real estate acquisition, management, disposal, and liquidation.

Gyeonggi Housing and Urban Corporation

GH announced on the 30th that it recently received preliminary approval for an Asset Management Company (AMC) license from the Ministry of Land, Infrastructure and Transport under the Real Estate Investment Company Act.

By obtaining the AMC dual-license, GH expects to establish a foundation for revitalizing the supply of public rental housing in the 3rd New Town using real estate financial techniques and to expand its business area as a specialized asset management institution.

Kim Se-yong, President of GH, stated, "Through the promotion of the dual-license for the Asset Management Company, we will improve the financial structure by reducing the debt ratio to ensure that there are no setbacks in advancing spatial welfare projects for the residents of Gyeonggi Province."

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