Founding member of sovereign wealth fund joins startup

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Kasa Korea Chief Operating Officer Park Sang-il / Courtesy of Kasa Korea

By Park Jae-hyuk

Kasa Korea, a real estate investment platform operator that runs the country’s only digital asset-backed securities exchange, recently appointed as chief operating officer (COO), Park Sang-il, who had worked previously for the corporate strategy group of the Korea Investment Corp. (KIC).

Born in 1965, the new COO graduated from Yonsei University and the Maxwell School of Citizenship and Public Affairs, the graduate school for public administration and international relations of Syracuse University in New York. He is known to be an expert on financial investment policies with experience in both the private and public sectors, because of his career built at a lawmaker’s office, Hyundai Capital, Hyundai Card, Q Capital Partners and the KIC.

In particular, he was one of the founding members of the KIC, in charge of work related to the sovereign wealth fund’s governance structure, business planning and institutional relations.

Kasa Korea plans to enhance its competitiveness in systematic and professional operations based on his experience in various private and public financial institutions and broad personal networks. According to the startup, he will supervise overall business operations to achieve growth.

“Recognizing the industry-leading Kasa Korea for its business philosophy, innovativeness and growth potential, I decided to join the company,” Park said. “Based on trust from our customers, I will strengthen Kasa Korea’s own investment services, and help it begin a new era of commercial real estate investing with my experience at KIC and my knowledge.”

Kasa Korea CEO Yea Chang-whan expressed his gratitude to Park for his decision.

“With his expertise and know-how acquired at the sovereign wealth fund, he will strategically support our efficient operation, business expansion and fundraising, making efforts for us to pioneer the market as an innovative service provider in the real estate investment sector,” the CEO said.

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