Searches and Hires

Korea Post scouting for infrastructure managers

Korea Post Savings, Sejong, is searching for private infrastructure fund managers, according to an RFP posted on its website.

Together with its insurance arm, Korea Post Savings plans to invest 550 billion won ($513 million) with two managers, allocating $300 million to one manager and $200 million to the other. Korea Post Savings and Korea Post Insurance have about $100 billion in assets.

Korea Post wants to invest in core infrastructure assets primarily in advanced countries, according to the RFP.

Officials could not be reached to provide further information.

The RFP is available on Korea Post's website. Proposals are due by May 8. A selection date was not disclosed.