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Weekly Korean Market Update (7/17~7/23)

2023. 07. 24 · SPI
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Providing Up-to-date news and contents of Korean commercial real estate market including investment, REITs and market players.

  Yellow Umbrella Mutual Aid Association Expanding Alternative Investment Ratio to 35% The Yellow Umbrella Mutual Aid Association is promoting a plan to increase the proportion of its alternative investments from 28% to 35% by 2025. On July 19, the Ministry of SMEs and Startups and the Korea Federation of SMEs announced the Yellow Umbrella Deduction Development Plan. 35% of the alternative investment is more than twice as high as National Pension Service ratio (16.1%) but similar to the public servant pension (35.2%). This policy also aims to enhance the professionalism of members by gradually increasing the number of asset management personnel and to reorganize the organization according to function. […]

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