[2024 Asia Fund Awards] Koramco Asset Trust, 20% Increase in Managed Assets through Advanced Investment Techniques

Best Asset Manager in the REITs Sector

Joonho Jung, CEO of Koramco Asset Trust.

Koramco Asset Trust was selected as the Best Manager in the Real Estate Investment Company (REIT) category at the 15th annual '2024 Asia Fund Awards' this year.

'Koramco Life Infrastructure REIT' is a core product of Koramco Asset Trust. It holds assets such as directly operated gas stations and logistics centers of HD Hyundai Oilbank. By utilizing asset redistribution (rebalancing) strategies that sell off unprofitable gas stations and conversion strategies that add value to real estate, profitability was increased, followed by dividend payments and special dividends to investors.

Driven by these achievements, assets under management increased by about 20%, from 1.04 trillion KRW at the time of its KOSPI listing in August 2020 to 1.26 trillion KRW as of December last year. Additionally, the proportion of assets other than gas stations, which accounted for only 17% of total assets, was raised to 48%, earning recognition as the REIT that has transformed its portfolio the most rapidly among domestic listed REITs.

Koramco Asset Trust stated, "We plan to expand assets under management to 2.5 trillion KRW by 2030," adding, "We will contribute to the advancement of the domestic REIT industry by incorporating advanced investment techniques such as friendly mergers and acquisitions (M&A) between REITs and fund-of-funds investments."