Background
Korea was hit hard by the financial crisis in 1997
In the midst of the so-called IMF crisis, KORAMCO was founded in 2001 with the aim of connecting businesses who wanted to sell real estate they owned and the financial sector that needed a stable source of profits. KORAMCO introduced the REIT system for the first time in the nation to support restructuring of companies and open new investment opportunities for financial institutions.
Thus, we have led the national growth as a reliable bridge between the real estate market and the financial market. Korea has become one of the 10 largest economies in the world and is on a par with countries with advanced financial markets. Now, KORAMCO is expanding our business landscape to the world to create new value from real estate assets, together with diverse domestic and foreign investors.
Company Overview
Name
- Koramco REITs Management and Trust Co., Ltd.
- (Affiliated company) KORAMCO Asset Management Co.,Ltd.
Date established
October 24, 2011
Areas of business
REITs asset management, collective investment advisory business, real estate development
Assets under management
KRW 24.85 trillion (REITs+Investment Management)
Address
Golden Tower, 511, Samseong-ro, Gangnam-gu, Seoul, Republic of Korea
Number of employees
400 +
Leadership
ChairmanYun Yong Ro
CEO, PresidentChung Joon Ho
CEOHugh(Hyung Suk) Park