Korea Post has opened its first tender of 2025, seeking a local financial institution to evaluate the fund investments of its insurance and savings units.
According to the request for proposal issued on January 9, the winning bidder will be appointed for three years.
Applicants must have at least six months of experience evaluating performance of stock and bond funds, with a minimum 500 billion won (US$342.5 million) of fund evaluation business.
The tender is open until January 15 and the winner will be chosen by the end of February.
Korea Post is one of the most prolific among Korean asset owners in outsourcing investments, with more than ten mandates tendered out in 2024 for both mainstream and alternative asset classes.
It doesn’t often announce tender results publicly.
The Sejong-based postal agency has around 150 trillion won of assets under management.