One of the most notable news items recently was the confirmation of Heo Jang’s reappointment as Chief Investment Officer (CIO) of the Public Officials Benefit Association (POBA). POBA is an institutional investor that exerts a high degree of influence over the domestic and overseas real estate markets, alongside the National Pension Service (NPS), Korea Teachers’ Credit Union (KTCU), and Korea Investment Corporation (KIC). Of its total AUM of approximately KRW 28 trillion, real assets account for KRW 13 trillion, or 45%. Among these, real estate constitutes KRW 10 trillion. Domestic real estate accounts for KRW 4 trillion while overseas real estate accounts for a larger proportion at KRW […]