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S. Korea's Real Estate Fund Market Growing Rapidly
Assets under Management Top 100 Tril. Won
S. Korea's Real Estate Fund Market Growing Rapidly
  • By Yoon Young-sil
  • January 28, 2020, 11:33
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The total size of real estate investment funds in South Korea reached 99.39 trillion won on Jan. 21. 

The Korea Financial Investment Association announced on Jan. 27 that the total size of real estate investment funds in South Korea reached 99,387 billion won on Jan. 21 and it was divided into 96,185.9 billion won of private funds and 3,201 billion won of public funds. For reference, the size had been 75,546.4 billion won at the end of 2018 and 29,609.8 billion won at the end of 2014.

The total net assets of the funds broke the 100 trillion won mark in December last year and reached 102,218.1 billion won on Jan. 21. Likewise, the total assets under management of the funds topped 100 trillion won last month and added up to 102,176.7 billion won on Jan. 21.

As of that date, the sizes of those investing in overseas and domestic real estate properties were 54,581.2 billion won and 44,805.8 billion won, respectively. The former has exceeded the latter since 2017 and the gap is continuing to widen. The respective figures had been 39,467.2 billion won and 36,079.2 billion won at the end of 2018.

The total size of the real estate investment funds exceeded that of stock funds in South Korea in the first half of last year. Specifically, the size of the stock funds totaled 85,183 billion won at the end of 2018, approximately 10 trillion won larger, but it edged up only 3.6 percent to 88,208 billion won from Jan. 1, 2019 to Jan. 21 this year.