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Koramco to open office next to NPS for property investment partnership

Korea Economic Daily LogoKorea Economic Daily3h ago

Koramco to open office next to NPS for property investment partnership - Korea Economic Daily

Quick Summary:

Koramco Asset Management Co.will open a liaison office next to South Korea’s National Pension Service (NPS) to strengthen cooperation with the world’s third-largest pension fund, which is increasing its investment in real estate.

The Seoul-based asset manager focusing on real estate and infrastructure plans to launch a liaison office a five-minute walk from NPS Investment Management’s headquarters in Jeonju, 240 kilometers (150 miles) south of the South Korean capital, according to investment banking industry sources on Friday.

The pension fund injected 787 billion won ($574.4 million) into a real estate investment trust (REIT) established by the asset manager’s parent Koramco REITs Management and Trust Co.in 2006.

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Article Details

Category: Economy

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-18 @ 17:14:17 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 392 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Korea Economic Daily

News ID: 23116666

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About Korea Economic Daily

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Main Topics: Economy

Official Website: kedglobal.com

Update Frequency: 15 posts per day

Year Established: 1964

Headquarters: South Korea

News Last Updated: 5 minutes ago

Coverage Areas: South Korea

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #91

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