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Korea Post Savings seeks a domestic fund manager

The South Korean government agency is seeking a local fund manager in South Korea.

Institution: Korea Post
Headquarters: Sejong-si, South Korea
AUM: 141.84 trillion won ($112 billion; €106 billion)
Allocation to alternatives: 8.56%

Korea Post Savings, the investment unit of Korea Post, has issued a request for proposal for a real estate fund manager in South Korea.

The firm aims to commit 400 billion won to the a fund with core or core-plus strategy. The eligible manager should manage a commingled fund that invests in the offices in Seoul, or the logistics facilities in the Seoul metropolitan area. The manager should have at least 500 billion won of assets in domestic real estate investments in Korea.

The submission deadline is May 30. The investment committee plans to make a decision in June 2022.

As shown below, the 141.84 trillion won South Korean government agency has an 8.56 percent allocation to alternative investments.

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