Korea Post is seeking a financial firm to manage overseas bond lending for its insurance unit.
The firm will be responsible for coordinating financial arrangements, including establishing collateral and setting fees, according to the government postal agency’s request for proposal published on July 24.
Applicants must be rated at least A- by international ratings agencies or AA- by Korean agencies.
Applications close on August 5 and the successful bidder will picked by August 11.
Korea Post has around 150 trillion won (US$109 billion) of assets under management.
