Caring Partners with Koramco Asset Trust for Senior Housing Development Project

Comprehensive Collaboration in Planning, Developing, and Operating Senior Housing

Senior care specialist company Caring announced on the 27th that it has signed a business agreement with Koramco Asset Trust to develop a senior housing business model.

Through this agreement, the two companies plan to collaborate on ▲new complex development ▲operation linked with long-term care services ▲discovery of new senior healthcare business models for senior housing developments nationwide being reviewed by Koramco Asset Trust.

Kim Cheol-gyu, Head of REITs Investment Division at Koramco Asset Trust (left), and Kim Tae-sung, CEO of Caring, are posing for a commemorative photo at the business agreement ceremony for cooperation in senior housing development projects. Photo by Caring

Caring currently operates 54 directly managed branches nationwide, including day care centers, home care centers, and caregiver training institutes. Based on this senior care expertise, the company will focus on analyzing the domestic silver town and nursing home market positions, as well as developing and operating differentiated senior-specialized spaces.

Kim Taesung, CEO of Caring, said, “With the retirement of the baby boomer generation and the entry into a super-aged society, the need for various senior living spaces is increasing,” adding, “Through this agreement, we will create synergy based on each company’s expertise and contribute to developing differentiated senior housing models and solving elderly housing issues.”