Son Hwa-ja, IGIS Asset Management’s largest shareholder, is pursuing the sale of her 12.4% stake in the company. IGIS Asset Management ranks first in Korean real estate fund management volume (AUM). IGIS was founded by the late Kim Dae-young, who previously served as Vice Minister of Construction. His wife, Son Hwa-ja, inherited his shares after his passing in 2018. An advisor has been selected to prepare to sell the shares. Other shares held by KJ Cho, the former head of IGIS Asset Management’s New Business Promotion Division (1.99%), and shares owned by his family company, GF Investment (9.9%), may also be put up for sale. However, Cho has […]