ING Real Estate Investment Management today announced that it has secured a licence from the Financial Supervisory Commission to operate locally registered real estate funds in South Korea.

In a further announcement, the company today announced the appointment of Mark Jun as Senior Vice President - Institutional Clients Asia.  Effective 1 July 2009, Mr. Jun will be responsible for marketing and the management of the real estate company’s institutional client relationships in South Korea.

Brian Ahn, Country Manager for ING Real Estate Investment Management South Korea, stated: “Securing this licence and the appointment of Mark clearly demonstrates our commitment to building our capabilities further in the South Korean market.  We now have a fully fledged team on the ground, covering acquisitions, asset management, research and marketing.  Bringing to bear the strengths of one of the world’s largest real estate investment managers, the licence allows us to provide our clients, both domestic and international, innovative real estate solutions.”