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Photo = Yonhap news |
[Alpha Biz= Reporter Kim Sangjin] The National Pension Service (NPS) is set to invest approximately 1.6 trillion KRW in the domestic real estate market next year.
According to the NPS's Fund Management Headquarters on the 17th, the NPS plans to increase its investment in domestic real estate core platform funds to this amount. Since 2016, the NPS has consistently invested between 3 billion to 5 billion KRW annually in domestic real estate.
A representative from the Fund Management Headquarters explained that the decision to boost domestic real estate investments was in response to concerns over a perceived insufficient investment in this sector.
He also noted that emerging real estate sectors such as Internet Data Centers (IDCs), urban logistics centers, and self-storage facilities have been increasingly dominated by foreign investors and management companies. This trend has led the NPS to adjust its strategy and increase its domestic investment.
Alphabiz Reporter Kim SangJin(letyou@alphabiz.co.kr)
