Koramco Asset Trust Announces Regular Executive Appointments... Chulgyu Kim and Sangheon Lee Named New Vice Presidents

Koramco Asset Trust announced on January 5 that it has conducted its regular 2026 executive appointments, promoting Executive Directors Chulgyu Kim and Sangheon Lee to Vice President, and newly appointing Changwoo Cho, Dongjin Oh, and Hoyoung Kim as Executive Directors.

This personnel reshuffle aims to further advance Koramco's sector-specific expert organizational structure and strengthen expertise by business area, which the company has been actively pursuing. The appointments focused on individuals who have demonstrated tangible results and proven expertise in core business divisions.

With the newly promoted executives at the forefront, Koramco plans to further solidify its expertise in each division and investment sector and strengthen field-oriented asset management to proactively respond to changes in the market environment.

Chulgyu Kim, newly appointed Vice President of Coramco Asset Trust

Chulgyu Kim, the newly appointed Vice President, graduated from the Department of Russian at Hankuk University of Foreign Studies and has built a career in the real estate investment industry for about 25 years, having worked at HDC Labs and Savills Korea. He is a veteran in the REITs sector and a leading strategist, currently managing a total of 33 REITs and PFVs, including three listed REITs. He has played a key role in maintaining Koramco’s top market share in the private REITs sector by leading projects such as the development of Yeouido TP Tower, the acquisition of Center Point Gwanghwamun and Gangdong P Tower, and serving as the lead fund manager for the Ministry of Land, Infrastructure and Transport’s Housing and Urban Fund Anchor REIT, which manages surplus funds from the Housing and Urban Fund.

Sangheon Lee, the newly appointed Vice President, graduated from Seoul National University with a degree in Architecture and earned a master’s degree in Real Estate Development and Finance from Harvard University in the United States. After working at Daewoo Engineering & Construction, American Realty Advisors in the U.S., and Midas Asset Management, he joined Koramco in 2012. He currently manages approximately 5 trillion won in assets through four blind fund series, including Arc Place in Yeoksam-dong, K Square Magok, and K Square Gangnam. He also has extensive experience in development projects utilizing REITs, such as the recent 1 trillion won Gangnam Lion Missing site development project. This is why he is regarded in the REITs industry as the ideal person for project REITs.

This round of appointments also included the selection of new executives who have accumulated expertise in the REITs and trust business fields and risk management. Changwoo Cho, the newly appointed Executive Director, was responsible for REITs structure design and asset management at the Anchor REITs Division in the REITs Investment Department, achieving stable management results. Dongjin Oh, the newly appointed Executive Director, has overseen feasibility reviews and execution of reconstruction and redevelopment projects at the Urban Renewal Business Division in the Trust Department. In addition, Hoyoung Kim, the newly appointed Executive Director, has enhanced Koramco’s internal controls and risk management system in the Risk Management Office, supporting the stable operation of the company’s REITs and trust business.

Through these executive promotions, Koramco Asset Trust plans to further strengthen its expertise in its core businesses of REITs and trusts, while also securing overwhelming competitiveness in risk management, an area where it already holds a significant edge over competitors.

Sangheon Lee, New Vice President of Koramco Asset Trust