Hanyang Securities announced on the 29th that it has entered into a strategic memorandum of understanding (MOU) with KOREIT to commence joint investments and collaborations in real estate development projects.
The two companies agreed to seek various investment opportunities in key areas such as real estate development and financial procurement under this agreement. Hanyang Securities will be responsible for financial advisory and funding structure design throughout the project, and plans to carry out funding activities using various financial instruments such as bonds, commercial papers (CP), and private placements jointly with KOREIT.
In addition, Hanyang Securities and KOREIT decided to work on ▲ joint exploration and information exchange of investment and development targets ▲ establishing joint investment and funding plans ▲ market feasibility review and business plan development.
Kim Ho-cheol, head of the SF business division at Hanyang Securities, noted, "This agreement has expanded the scope from a partnership focused on existing real estate projects to a corporate-wide partnership encompassing financing and investments," adding, "We expect to create synergies by collaborating more closely with KOREIT and presenting a new model in the real estate financial market."