Koramco Opens Jeonju Office... Active Support from National Pension Service

Koramco Asset Management held an opening ceremony for its Jeonju office on the 21st to strengthen cooperation with the National Pension Service and officially commenced operations. This is the first time Koramco Asset Management has opened an office outside its headquarters.

The Koramco office is located on Ogong-ro, Deokjin-gu, Jeonju-si, Jeollabuk-do Special Autonomous Province, near the National Pension Fund Management Headquarters. The opening ceremony was attended by about 50 people, including Kim Tae-hyun, Chairman of the National Pension Service; Hwang Jeong-gyu, Head of the Support Division; Ahn Jun-sang, Director of Real Estate Investment; Kim In-tae, Director of Corporate Attraction Support of Jeollabuk-do Special Autonomous Province; Shin Mi-ae, Head of Financial Social Economy Department; Park Hyung-seok, CEO of Koramco Asset Management; Kim Tae-won, Head of Domestic Real Estate Division; as well as officials from the National Pension Service, local figures, and Koramco Asset Management employees.

Kim Tae-hyun, Chairman of the National Pension Service, said, "The opening of the liaison office will provide an opportunity to cooperate with various investors," and added, "We hope to work together with the Service for the development of the Jeonju local community."

Koramco Asset Management and its parent company, Koramco Asset Trust, have maintained a long-standing relationship with the National Pension Service based on stable performance. Notable collaborations include the ‘Kokreb NPS No.1 REIT,’ the longest-running REIT in Korea since 2006, and investment cooperation in the reconstruction project of ‘The Exchange Seoul’ in Gwanghwamun. The Kokreb NPS No.1 REIT has consistently paid dividends to the National Pension Service for 18 years since its establishment and is expected to recover more than twice the invested capital upon liquidation.

Park Hyung-seok, CEO of Koramco Asset Management, stated, "The Koramco Jeonju office was established to support the successful management of the National Pension Fund," and added, "We will do our best to achieve even greater results than before."

Koramco Asset Management, together with its parent company Koramco Asset Trust, is a real estate specialist managing assets totaling 30 trillion KRW. Last year, they consecutively acquired ‘The Exchange Seoul’ and ‘Yeouido Nonghyup Capital Building.’ They also established a 400 billion KRW ‘logistics investment platform’ in partnership with the global alternative investment firm Starwood Capital Group.

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