Large securities firms such as NH Investment & Securities, Korea Investment & Securities, and KB Securities are accelerating their efforts to expand into new business areas by offering institutional-only real estate private equity funds. In 2023, NH Investment & Securities was the first securities firm to start an institutional real estate private equity fund (PEF) business, and since then, other securities firms have been entering a highly competitive market. The bidding for Dongdaemun Doosan Tower last February saw Korea Investment & Securities selected as the preferred bidder. The market saw this as a significant result as it was competing against IGIS Asset Management. This deal was a signal […]