What Koramco Fund does

Koramco Fund is the operating brand of KORAMCO REITs Management and Trust Co., Ltd. and its 100%-owned subsidiary Koramco Asset Management Co., Ltd., South Korea's largest private REIT asset manager. Founded in 2001 (parent) and 2010 (AMC subsidiary), the group manages approximately 56조원 (~$41B USD) in assets across listed REITs, private (KOCREF) REITs, blind-pool and dedicated funds (domestic and overseas), project-finance vehicles (PFVs), and real estate trust services. The company holds roughly 19-20% of Korea's private REIT market (#1 position) and is expanding into AI-focused data centers with a target of approximately 1 GW of IDC capacity by 2030.

Koramco's product platform covers the full investment lifecycle through three core operating subsidiaries (REITs/Trust, Asset Management, and Property Operations), spanning office, logistics, retail, residential, hotel, and data center assets. Its PFV structuring platform combines deal sourcing, financing, and asset management under a single in-house team, supporting complex developments such as the Ansan Sihwa 40MW AI data center joint development with DCI Data Center (Brookfield-owned) and Hyundai E&C, the Busan Jangrim IDC with LG U+/GS Construction, and a 1조원 Gangnam prime-office project launched in June 2026. Distribution is conducted exclusively through institutional channels — direct sales to pension funds, government agencies, banks, and securities firms (including National Pension Service, Korea Civil Servant Pension, Korea Post, KDB, Woori Bank, and Kiwoom Securities), supplemented by a Capital Market Desk for inbound foreign capital.

Revenue is generated via five streams: (1) recurring REITs asset management fees as a percentage of AUM, (2) management and performance/carry fees on the 139+ private fund vehicles, (3) real estate trust service fees from origination through disposition, (4) development and PFV management fees on multi-phase projects, and (5) inbound-capital advisory and structuring fees from foreign institutional investors. Pricing is bespoke and negotiated with qualified institutional investors; no retail offering exists. The group is owned approximately 71.88% by LF (formerly Bando Fashion/파주 LF networks), 11.59% by Kiwoom Securities, 8.37% by Woori Bank, and 8.02% by Korea Development Bank, and is operated under a co-CEO model (Kim Tae-won and Yoon Jang-ho) since January 2025.

Name

Koramco Fund

Legal name

KORAMCO REITs Management and Trust Co., Ltd.

Website

https://koramcofund.co.kr

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

51–100 employees

Short description

Koramco Fund is a South Korean real estate asset management firm operating REITs, private funds, PFVs, and trust services for institutional investors, managing approximately $41B in AUM with the #1 Korean private REIT market share (~19-20%).

Ownership category

akta.pro rank

Product category

Real Estate Asset Management

NAICS

Portfolio Management and Investment Advice (523940), Other Financial Vehicles (525990), Open-End Investment Funds (525910), Trusts, Estates, and Agency Accounts (525920)

SIC

Real Estate Investment Trusts (6798), Investment Advice (6282)

akta.pro primary industry

Real Estate Portfolio & Fund Management (Institutional/REIT/PE) (BPAJAMAJ)

akta.pro secondary industries

Portfolio Management–Led RIAs (Discretionary/Model-Based) (FSAAACAC), Institutional Consulting RIAs (OCIO/Endowments/Foundations/Pensions) (FSAAACAG), Managed Account / SMA Multi-Manager Platforms (FSANAGAL), Real Estate Capital Markets Advisory (Debt/Equity Placement, Refinancing) (BPAJANAE)

Keywords

• Real estate investment management
• REIT management
• Commercial real estate
• Asset management services
• Real estate fund management

Headquarters

HQ city

Samseong

HQ country

South Korea

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. REITs Asset Management Fees: Koramco earns recurring management fees from managing listed and private REITs. The company operates as Korea's top REIT asset manager by market share (~19-20% private REIT market), managing assets across office, logistics, data center, retail, residential, and hotel sectors. Fees are charged as a percentage of AUM.
2. Private Fund Management and Performance Fees: Koramco manages blind-pool private real estate funds across domestic and overseas strategies, earning management fees plus performance/carry based on returns. The company manages over 139 disclosed fund vehicles including blind funds, specialized funds, and development funds.
3. Real Estate Trust Services: Koramco provides real estate trust services managing land development, fair process oversight, and collateral management from origination through disposition, generating trust fees and related service revenues.
4. Development and PFV Management: Revenue from managing project finance vehicles (PFVs) for large-scale developments including data centers, mixed-use complexes, and logistics facilities. The company structures deals from early-stage financing through construction and operational phases.
5. Inbound Capital Advisory and Structuring: Koramco earns fees for structuring and facilitating inbound foreign investment into Korean commercial real estate, providing deal sourcing, due diligence, and ongoing asset management for global institutional investors.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

Koramco Fund operates as a multi-platform Korean real estate financial services company, providing asset management for listed and private REITs, blind-pool domestic and overseas real estate funds, project finance vehicle (PFV) development platforms, real estate trust services, and separately managed accounts. The firm manages 54.3-56 trillion KRW (~$41 billion USD) in AUM across office, logistics, data center, retail, residential, and hotel sectors, serving domestic and global institutional investors.

Product overview

Koramco Fund operates as a multi-platform real estate financial services company encompassing three core business units: Koramco Asset Management (asset management), Koramco REITs Management and Trust (REITs and trust services), and Koramco Asset Operation (property management). The product portfolio consists of 코크렙 (KOCREF) private REITs as the foundational product line, publicly listed REITs, PFV development investment platforms, Koramco Data Centers (full-cycle IDC services), domestic blind pool funds, overseas global funds, real estate trust services, and customized SMA solutions. These offerings are interconnected through a unified investment platform that connects capital markets with real estate investment structures, enabling seamless capital recycling across fund formation, investment, asset management, and exit.

Differentiator

Problem solved

Functional benefit

Brands

• KOCREF (코크렙): Private REIT series managed by Koramco
• KORAMCO Life Infra REIT
• KORAMCO The One REIT
• E-REITs KOCREF

Products and services

• KOCREF (코크렙) Private REITs
• Listed REITs (상장리츠)
• PFV (Project Financing Vehicle) Platform
• Koramco Data Centers (코람코데이터센터)
• Domestic Funds (국내펀드)
• Overseas Funds (해외펀드)
• Real Estate Trust (부동산신탁) Services
• SMA (Separately Managed Account)

Quantifiable outcome

• 25 consecutive years as Korea's #1 private REIT manager with ~19-20% market share
• +4 more outcomes

Named customers7 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Ten partnerships are on record, tiered core and minor.

• DCI Data CentercoreStrategic or Co-development Partner · 24 June 2026Joint development partnership for AI-focused data centers in Korea. Koramco Asset Management and DCI Data Center (a Brookfield-owned operator founded in 2015) broke ground on a 40MW AI data center in Ansan (SEL02) in June 2026, located at the Sihwa National Industrial Complex. Hyundai Engineering & Construction serves as the main contractor. This is their second joint investment in the Korean data center market.
• Hyundai Engineering & ConstructioncoreImplementation/ SI/ Consulting PartnerHyundai E&C serves as the main contractor for the Ansan Sihwa AI Data Center (SEL02) project developed jointly by Koramco and DCI Data Center.
• Hanyang University Graduate School of Real EstateminorStrategic or Co-development PartnerPartnership for an in-house MBA program combining Koramco's practical real estate finance expertise with Hanyang University's academic resources, as part of Koramco's upgraded talent management framework.
• Fursys (퍼시스)coreStrategic or Co-development PartnerFursys, Korea's leading office furniture company, entered a up to 800 billion KRW Separately Managed Account (SMA) with Koramco in June 2024. The structure combines real estate investment with B2B furniture, interior design, and space consulting services, creating a win-win where CAPEX/OPEX translates into revenue for Fursys while Koramco enhances asset value and funding stability.
• UnionplaceminorStrategic or Co-development PartnerShared economy space platform company engaged as the responsible tenant for 10 years in Koramco's urban regeneration project converting the Donghwa Building near Dansan Station into a mixed-use shared space (residential, office, hospitality, F&B) for young adults and startups.
• LG U+ (LG유플러스)coreStrategic or Co-development PartnerLG U+ is a co-development partner in the Busan Jangrim Data Center PFV project, providing stable offtake and demand certainty for the project which connects directly to undersea fiber optic cables.
• GS Construction (GS건설)coreStrategic or Co-development PartnerGS Construction serves as the responsible contractor for the Busan Jangrim Data Center project, co-investing alongside Koramco to ensure construction quality and timely delivery.
• Hostway (호스트웨이)coreStrategic or Co-development PartnerHostway, a leading Korean data center operator, is the 100% tenant of Koramco's Bundang Hostway IDC asset, providing stable rental income and operational expertise.
• Starlwood Capital GroupcoreStrategic or Co-development PartnerStarlwood Capital Group partnered with Koramco to establish a joint venture (JV) for real estate investment activities, as noted in the leadership profiles section.
• Hostway (호스트웨이)coreStrategic or Co-development PartnerKorean IDC operator as 100% tenant of Bundang Hostway IDC, providing stable rental income.

Scale indicators12 records

Recent moves10 records

Expansion highlights7 records

Broad incumbents

• DWS Group: Global asset manager with a sizable real estate platform offering listed and unlisted real estate funds across Asia and globally, providing a benchmark for institutional-scale real estate asset management economics.
• Brookfield Asset Management: Global alternative asset manager with a major real estate platform and direct Korean exposure through its ownership of DCI Data Center, which has already partnered with Koramco on the Ansan Sihwa AI Data Center project.
• Blackstone Real Estate: The world's largest real estate private equity and asset management platform; already operating in Korea via DCI (Brookfield) and other JVs, and a primary competitor for Korean pension allocations to alternative real estate.

Direct peers

• PAG (Pacific Alliance Group): Asia-focused alternative investment manager with a real estate platform that pursues opportunistic and value-add strategies across Asia-Pacific, competing for institutional Korean and regional capital.
• Gaw Capital Partners: Asia-focused real estate private equity firm operating blind-pool funds and opportunistic strategies across Asia-Pacific gateway cities with comparable institutional LP base and value-add/development capability.
• ESR Group: Asia-Pacific logistics and data center real estate investment manager with a multi-platform fund management structure and institutional LP base that closely mirrors Koramco's full-cycle, sector-diversified approach.
• Mapletree Investments: Temasek-backed Asia-Pacific real estate investment manager operating REITs, private funds, and data center/logistics development with a comparable full-cycle, multi-platform model and global institutional LP relationships.
• IGIS Asset Management: Korea's second-largest private REIT manager and a direct competitor to Koramco in the Korean private REIT and CRE fund market, with overlapping institutional LP base and product offerings including blind-pool funds and listed REITs.
• CapitaLand Investment: Singapore-listed Asia-focused real estate investment manager operating REITs, private funds, and lodging across Asia-Pacific with comparable institutional LP base and multi-platform strategy similar to Koramco.
• Meritz Real Estate Asset Management: Another top-tier Korean real estate asset manager operating REITs and private real estate funds, competing head-to-head with Koramco for institutional mandates from Korean pension funds and banks.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat7 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/koramco-fund

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles23 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Koramco Fund