The news of Mirae Asset Global Investments’ acquisition of Manulife US REIT, a REITs platform from Singapore, is turning heads in the asset management industry. This is because it is not common for Korean managers to acquire overseas platforms. There are few similar cases when it comes to alternative investments, except for when Samsung Life Insurance, the parent company of Samsung SRA Asset Management, acquired a stake in Savills IM, a British management company. Since the global financial crisis in 2008, overseas real estate investment by Korean asset management companies has increased significantly, but the pandemic and subsequent interest rate hikes have exposed its weak local competitiveness. Capital power is […]