Fubon Hyundai Life Insurance approves $30m commitment

The South Korean insurance company has backed a real estate fund.

Institution: Fubon Hyundai Life Insurance
Headquarters: Seoul, South Korea
AUM: 17.8 trillion Korean won
Allocation to alternatives: 6.4%

Fubon Hyundai Life Insurance has agreed to commit $30 million to Samsung SRA Real Estate Fund No.56. The fund is managed by Samsung SRA Asset Management.

As illustrated below, the 17.8 trillion Korean won ($15.7 billion; €13.3 billion) South Korean insurance company currently has a 2.97 percent allocation to private real estate investments.

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