Skip to main content
June 2022
AAM Magazine
June 2022
Back to news

Korea Post calls bids for 200 billion won domestic fund mandate

Korea Post
By Hui Ching-hoo   
May 5, 2022

Korea Post is seeking an asset manager for a 200 billion won (US$157 million) domestic investment mandate for its insurance unit, the government postal agency’s sixth tender of 2022.

The mandate is structured as a blind fund with a ten-year investment period, and will focus on joint investments together with other institutional investors and funds.

The blind fund will be established within six months of manager selection, Korea Post says in its request for proposal on April 27.

The winning bidder will be appointed for a five-year term. The postal agency did not specify the criteria for applicants.

Applications are open until May 11 with due diligence and manager selection scheduled by the end of June.

Korea Post has around 150 trillion won of total assets.