Koramco Asset Management has been designated as the new asset management company (AMC) for Bundang Doosan Tower, a landmark building in the Bundang business district, successfully closing a major deal valued at 790 billion won ($553 million).
Koramco Asset Management announced Wednesday that it has become the AMC for Bundang Doosan Tower REIT through a share deal involving equity transfer and capital restructuring, rather than a physical asset acquisition.
Bundang Doosan Tower, located at 155 Jeongja-il-ro, Bundang-gu, Seongnam-si, Gyeonggi Province, is a prime office building completed in 2020. The property is considered a trophy asset in the Bundang business district. The building is 100% master-leased by core Doosan Group affiliates, providing highly stable cash flows.
The 790 billion won transaction was structured so that Doosan Group, the existing common stock investor in the REIT, exercised its preemptive purchase rights while maintaining the REIT structure and designating Koramco Asset Management as the new AMC. The deal structure is based on a high level of trust between investors and the asset manager.
This approach reduces overall transaction costs and accelerates deal closure compared to physical asset transactions. Industry observers note the structure allows for swift deal closing amid market uncertainty. Real estate investment industry sources interpret the transaction as Doosan Group's recognition of Koramco Asset Management's operational competitiveness, internal controls, and risk management capabilities.
Koramco Asset Management is a subsidiary of Koramco Asset Trust, which has maintained the top position in Korea's private REIT market for 24 years. Together with its parent company, it provides investors with the industry's most rigorous investment and risk management systems and predictable operational performance. The firm is known to have earned strong trust from risk-averse institutional investors including major domestic pension funds. As of December 2025, Koramco manages approximately 36 trillion won in real estate assets under management through REITs and real estate funds.
CEO Yoon Jang-ho, who took office as chief executive of Koramco Asset Management last month, oversaw this project. Yoon served as the lead portfolio manager for the AMC transition and capital restructuring, designing the intricate deal structure and directing overall operations. He is a key leader at Koramco who recently led successive large-scale office transactions including Samsung Fire & Marine Insurance's Seocho headquarters "The Asset Gangnam" and "Hyundai Motor Securities Building" in Yeouido.
"Bundang Doosan Tower is a rare asset with premium tenants and near-new building conditions," said Jang Sung-kwon, division head at Koramco Asset Management. "Based on Koramco's expertise, we will provide investors with the industry's highest level of stable long-term returns through systematic asset management and further strengthen our strategic partnership with Doosan Group."
