Mastern Investment Management, a domestic alternative investment specialist asset management firm, is joining hands with the Seoul Business Agency to cooperate on boosting foreign investment attraction.
Mastern Investment Management said on the 8th that it signed a memorandum of understanding (MOU) for "vitalizing foreign investment attraction" with the Seoul Business Agency at the agency's Jongno-gu, Seoul, office on the 7th.
At the signing, Mastern Investment Management CEO Park Hyeong-seok and domestic investment head Park Gyeong-bae, Seoul Business Agency Chairperson Lee Ji-hyeong and Deputy Minister Seo Deok-sik, and other key officials from both sides attended.
The Seoul Business Agency is an organization established by the Seoul Metropolitan Government dedicated to attracting foreign investment, tasked with bringing foreign-invested corporations to Seoul and supporting their settlement. Mastern Investment Management said it is the first among domestic real estate specialist asset managers to sign a business agreement with the agency.
Under the agreement, the two sides will establish an ongoing cooperation system to discover global corporations seeking to invest in Seoul and to connect investments. ▲ Use global corporations linked with the agency to promote key development projects in Seoul and vitalize investment ▲ Partner in various forms including speaking at events for real estate investors ▲ Support move-ins and business linkages by matching global corporations discovered and attracted by the agency with assets owned and developed by Mastern Investment Management.
The two sides plan to maximize synergy by combining Mastern Investment Management's extensive global alternative investment network and asset management capabilities with the Seoul Business Agency's public investment-attraction infrastructure.
Mastern Investment Management CEO Park Hyeong-seok said, "Based on the global network and investment experience Mastern Investment Management has built over the years, we will expand practical channels that connect high-quality overseas investors with the Seoul real estate market," adding, "Going forward, grounded in close cooperation with the Seoul Business Agency, we will help strengthen Seoul's competitiveness as a global business hub and expand global capital's access to the domestic real estate market."