Korea Investment & Securities Co. said on the 12th that it signed a co-investment agreement with global investment bank Goldman Sachs for a 500 billion won real estate loan.
Through this agreement, Korea Investment & Securities Co. will identify promising investment projects in the domestic real estate market based on its accumulated experience and know-how, and Goldman Sachs will provide co-investment and funding across various asset types, drawing on its global capital base and alternative investment experience.
Korea Investment & Securities Co. said the co-investment agreement is designed to strengthen overall risk management and the revenue structure for senior secured real estate loan investments and to enable stable investment in high-quality senior loans.
Through this collaboration, Goldman Sachs plans to provide solutions that allow Korean clients to strategically deploy the firm's capital and alternative investment fund money where needed.
Kim Seong-hwan, president of Korea Investment & Securities Co., said, "With this co-investment with Goldman Sachs, we can supply stable liquidity and, by working with a global partner, further strengthen our influence in the domestic market," adding, "It will be an important opportunity to further cement our position in the real estate finance market."
Choi Jae-jun, co-head of Korea at Goldman Sachs, said, "We will continue to do our best to provide customized capital and solutions that Korean corporations and financial institution clients need at home and abroad."