IGIS Asset Management (also IGIS; short for Integrated Global Investment Solution) is a real estate investment firm headquartered in
Seoul, South Korea
Seoul (; ; ), officially known as the Seoul Special City, is the capital and largest metropolis of South Korea.Before 1972, Seoul was the ''de jure'' capital of the Democratic People's Republic of Korea (North Korea) as stated iArticle 103 o ...
. In 2022, IREI ranked IGIS as the second largest real estate manager in Asia based on assets under management.
Background
The firm was founded in 2010 as PS Asset Management by Kim Dai Young.
In 2012, the firm was rebranded to IGIS Asset Management.
In 2015, Kim stepped down from managing duties of the firm and was succeeded by Cho Kab Joo and Andie Kang who would become Co-CEOs of the firm.
Later on Joseph Lee also became an additional Co-CEO of the firm.
In 2018, the firm filed for an
initial public offering
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investme ...
on the
Korea Exchange
Korea Exchange (KRX) is the sole securities exchange operator in South Korea. It is headquartered in Busan, and has an office for cash markets and market oversight in Seoul.
History
The Korea Exchange was created through the integration of Ko ...
but the process was stopped after the death of Kim in October.
There was a change in ownership of the firm where 45.5% of its shares were transferred to Kim's wife while their son and daughter will inherit none of the shares and would not be involved with management of the firm.
The firm established IGIS Private Equity in 2018. In 2021, it was acquired by
Blackrock
BlackRock, Inc. is an American multi-national investment company based in New York City. Founded in 1988, initially as a risk management and fixed income institutional asset manager, BlackRock is the world's largest asset manager, with tri ...
.
The firm has a
venture capital
Venture capital (often abbreviated as VC) is a form of private equity financing that is provided by venture capital firms or funds to start-up company, startups, early-stage, and emerging companies that have been deemed to have high growth poten ...
arm named IGIS Investment Partners.
Properties
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Axa Equitable Center
*
Millennium Hilton Seoul
*
The One
*
Trianon
References
External links
*
{{DEFAULTSORT:IGIS Asset Management
2010 establishments in South Korea
Companies established in 2010
Companies of South Korea
Financial services companies established in 2010