The National Pension Service of Korea (NPS) is looking for core and core-plus strategies. It plans to mandate up to two GPs which can either manage REIT vehicles or domestic real estate funds worth over 50 billion won. For this domestic RFP, the Korean pension fund excludes funds investing in project financing, real estate debt, and offshore real estate assets.
The KRW 365 trillion Korean public pension has a 3.9 percent current allocation to real estate.
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