Development and Operation of Senior-Customized Housing Models Integrating Care and Residential Services
CareRing, a company specializing in senior care, announced on July 28 that it has signed a business agreement with asset management company Umi Estate for the development and operation of a senior housing business model.
Through this agreement, the two companies will cooperate in various areas related to Umi Estate's senior housing business, including: market analysis and information exchange; collaboration in product development and operation; joint development of financial models such as operating expenses and revenue structures; response to public-private partnership projects and consortium formation; and joint brand management.
Kim Taesung, CEO of Caring (left), and Kim Byungkwon, CEO of Umi Estate, are posing for a commemorative photo after signing the agreement. Caring
CareRing holds the top position in the care service sector, providing services such as home-visit care, day care, and home-visit nursing. Based on its expertise in senior care, the company operates the urban paid nursing facility 'CareRing Stay' and the premium nursing home 'CareRing Village.'
Umi Estate is an asset management company that manages rental housing complexes with a scale of 5,000 households. Recently, leveraging its experience in managing rental housing and commercial facilities, the company has been working on launching a senior housing brand and planning age-friendly mixed-use complexes. With this agreement, Umi Estate plans to accelerate the implementation of these initiatives.
Kim Taeseong, CEO of CareRing, stated, "As society enters a super-aged era, it is urgent to diversify senior-customized residential models that combine housing and care services. Through this agreement, based on the expertise and experience accumulated by both companies, we will actively create age-friendly mixed-use complexes that more seniors can enjoy at reasonable costs."
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