Real Estate Asset Management Companies Refueled with Dry Powder Greetings from SPI editor Koh Byung-ki. This is the weekly commentary for the final week of December 2025. Last week, the biggest news in the Korean commercial real estate market was the completion of the establishment of value-add funds for domestic real estate investment by Pacific Asset Management and Pebblestone Asset Management using entrusted funds from the National Pension Service (NPS). Pebblestone and Pacific were selected last year by the NPS and subsequently gathered additional investors to complete fund formation. Pebblestone has completed the establishment of a KRW 300 billion value-add fund and Pacific has created a KRW 400 billion value-add […]