Koramco at 25: From birth of Korean REITs to $45 bil. powerhouse

Koramco REITs Management and Trust, an entity born from the ashes of the 1997 Asian financial crisis, has evolved into a prominent player in Korea's real estate investment landscape. With a staggering $45.3 billion under management, the company commemorated its 25th anniversary by expanding its reach both domestically and internationally.

In the wake of the crisis, Korean firms were compelled to divest property assets to bolster their balance sheets. However, the absence of investors and financial infrastructure to absorb large-scale sales posed a significant challenge. To address this issue, the government introduced the Real Estate Investment Company Act in 2001, paving the way for Koramco's establishment.

On October 25, 2001, Koramco was born as Korea's inaugural real estate investment trust (REIT) asset management company. Since then, the company has played a pivotal role in shaping Korea's real estate finance market. Beyond its initial focus on restructuring-oriented REITs, Koramco has ventured into listed REITs and ventured into diverse real estate investments, solidifying its position as a key contributor to the sector's growth.