History
History
KORAMCO’s journey is the very history of Korea’s real estate finance.
2021–Present
“No. 1 market share in Korea’s private REITs for 24 years.
Expanding our investment universe from office-led initiatives to New Economy sectors.”
2024
Total equity surpassed KRW 500 billion (KRW 524.6 billion)
AUM surpassed KRW 30 trillion (KRW 33.4 trillion)
- Completed development of Korea’s pioneering Project REIT, “Yeouido TP Tower”
- Selected as a GRESB “World No. 1” asset (K-Square Data Center Gasan)
- Completed one trust-type urban renewal project (ePyeonhansesang Edu Summit, Juan, Incheon)
- REF AUM surpassed KRW 17 trillion
- Attracted real-asset investment from the National Pension Service (NPS)
- Selected by NPS as external manager for a real-estate debt fund
- Commenced Bokjeong Station-area mixed-use development project
- Secured investment from global alternative investment manager Starwood Capital Group
- Acquired Arc Place, Yeoksam
- Acquired K-Square Magok
- Acquired The Exchange Seoul under NPS external mandate
- Developing the Bokjeong Station-area mixed-use project
2023
- Named GRESB “Global Sector Leader” in the office development category (Yeouido TP Tower)
- Acquired Seocho Majestar City Tower 1
2022
- Listed KORAMCO The One REIT (Hana Securities Building, Yeouido)
- Achieved No. 1 operating revenue among domestic real estate trust companies
2021
Total equity surpassed KRW 400 billion (KRW 421.2 billion)
AUM KRW 24.9 trillion
- Received “5 Stars, Asia Sector Leader” from GRESB (Majestar City Tower 2)
- REF AUM surpassed KRW 10 trillion
- Launched data center development (K-Square Data Center Gasan)
- Acquired Bundang Doosan Tower
- Acquired East Central Tower, Gangdong
- Developed K-Square Data Center Gasan
2011-2022
“Beginning of NEW KORAMCO.
Advancing to a larger, more stable real estate finance platform with lifestyle-culture company LF.”
2020
- Listing of KORAMCO Life Infra REIT (187 SK Networks directly operated gas stations and ancillary retail)
- Selected as Anchor REIT manager for the National Housing and Urban Fund
- Completed two trust-type urban renewal projects (Shinmagok Byeoksan Blooming, Seoul; Songnim Pine&You, Incheon)
- Selected as manager for the Korea Industrial Complex Corporation Environmental Improvement Fund
- Commenced Anyang Logistics Center development
- Acquired Bundang Hostway IDC
- Acquired Hyundai Motor Securities Building, Yeouido
2019
- Became an LF affiliate
- Completed Korea’s first trust-type urban renewal project (Pyeongchon Daeseong Uneed)
- Launched Korea’s first mezzanine real estate blind fund
2018
- Listed E-REITs KOCREF
- Acquired “The Asset Gangnam” (Samsung Fire & Marine Insurance Seocho HQ)
2017
- Earned the highest corporate credit rating in the trust industry: A/Stable (NICE Ratings)
- Initiated the first pension blind-pool development project (K-Square Gangnam 1)
- Acquired Seocho Majestar City Tower 2
- Acquired Korea National Oil Corporation HQ
- Acquired The Atrium, Amsterdam, Netherlands
2016
- Established Value-Add Blind Fund No. 1
- Established Overseas Direct Real Estate Fund (Europe Core No. 1)
- Launched Korea’s first retail-investor real estate blind fund
- Acquired DF Tower at Gangnam Station (formerly A+ Asset Building)
- Acquired Center Point Gwanghwamun
- Acquired Dangsan TCC Dongyang Tower
- Acquired IDZ Tower, Austria
2015
- Co-developed Korea’s first real estate ESG metric, the “Green Smart Building Index” (with KAIST)
- Won Korea’s first trust-type urban renewal mandate (Anyang Hogye/Seonggwang/Shilla Apt. integrated reconstruction: now Pyeongchon Daeseong Uneed)
- Established Overseas Fund-of-Funds (US Value No.1)
- Acquired Hana Securities Building, Yeouido
2013
Total equity surpassed KRW 100 billion (KRW 115.2 billion)
AUM KRW 6.2 trillion
- REF AUM surpassed KRW 1 trillion
- Acquired Gangnam P-Tower
- Acquired Pine Avenue Building B, Jongno
- Acquired GLASS TOWER, Samseong-dong
2012
- Acquired Seocho Shilla Stay
- Acquired Hyundai Group HQ, Yeonji-dong
2011
- Acquired Gran Seoul Towers 1 & 2, Jongno
2001-2010
“By establishing Korea’s first REIT,
we laid the foundation for advancing the nation’s real estate finance.”
2010
- Launched leveraged land trust business
- Founded KORAMCO Asset Management (Jan 20, 2010)
- Established Fund No. 1 (KORAMCO Yeongjong Xi Real Estate Fund)
- Acquired Yeongjong GS Xi Apartments
2007
- Registered as a real estate developer
- Acquired Yeongdeungpo Times Square
- Acquired Noon Square, Myeong-dong
2006
Total equity KRW 10 billion
AUM KRW 1.1 trillion
- Obtained license for real estate trust business
- Acquired Seoul City Tower
- Acquired Golden Tower (now Icon Samsung)
2005
- Launched Korea’s first externally managed REIT (KOCREF No. 7; acquired DSME Building)
2004
- Acquired YTN Tower
- Acquired LG DACOM (now LG Uplus) Building
2002
- Launched KOCREF No. 1 (acquired Hanwha Group HQ, Janggyo Building) (achieved 43.5% average annual dividend yield, 28.4% ROE)
2001
Total equity KRW 7 billion
- Established KORAMCO (Oct 24, 2001)
