South Korea’s Construction Workers Mutual Aid Association (CWMAA) is looking to hire a bank or securities firm to manage its investment transactions in the group’s first tender of 2025.
The winning bidder will be responsible for transacting bonds, equities, certificates of deposit and financial products for the group, CWMAA says in a request for proposal on January 21.
International institutions bidding on the tender must have maintained an office in Korea for more than a year. No other criteria were specified in the RFP.
Applications are open until February 25.
Seoul-based CWMAA provides welfare programmes and retirement savings services for 5.5 million construction workers. The group has around 4.6 trillion won (US$3.19 billion) of assets.