IGIS Asset Management partnered with the National Pension Service (NPS) to invest in Noon Square Myeongdong in 2012. It is considered the most representative of Myeongdong shopping malls, but retail concerns have led to fears that the investment may not be recovered as planned. The fund maturity has been extended several times. In 2022, during the peak of COVID-19, the fund’s maturity was extended by three years, and after selecting a sales advisory firm in 2024 to promote the sale, a buyer could not be found, leading to another five-year extension of the fund’s maturity last year. A more foundational solution was needed rather than relying on quick […]