BaramMusa

China's next target : It's Korea's commercial real estate market. Chinese-linked capital is moving to take control of Korea's largest real estate fund manager. Hillhouse Investment has been selected as the preferred buyer for Igis Asset Management, Korea's largest real estate fund manager. What is Igis? ･ Total assets under management: $52 billion — far ahead of any rival in the Korean market ･ Manages $1.4 billion in Korean public pension funds ･ Holds data on major national infrastructure assets across Korea Hillhouse calls itself a global firm headquartered in Singapore. Its founder tells a different story. Zhang Lei was born in Henan Province, China. He built Hillhouse through early stakes in Tencent and JD.com. His portfolio remains majority Chinese companies. Korean financial press describes him as Chinese-linked capital. The bid process itself raised red flags: ･ Korea's domestic insurers were the expected finalists ･ Heungkuk Life submitted the highest bid in the main round ･ Morgan Stanley and Goldman Sachs had explicitly promised no additional bidding rounds ･ They broke that promise, invited Hillhouse back, and Hillhouse won by $35 million ･ Heungkuk filed criminal complaints against five individuals including Morgan Stanley's Korea head Korea's financial regulator must still approve the acquisition. One firm. Fifty-two billion dollars in Korean property. It is about to flow under Chinese-linked control. Sources: Korea Financial Times - "Igis Sale Heads to Hillhouse as Heungkuk Life Falls Out of Race" fntimes.com/html/view.php?… Herald Economy - "Heungkuk Life: Igis Sale Process Unfair, Legal Action Under Review" biz.heraldcorp.com/article/106324… Joonggang Economy News - "Will Igis Fall to Chinese Capital? Regulatory Approval Seen as Uphill Battle" joongangenews.com/news/articleVi… Insight Korea - "Heungkuk Life Pushes Back on Igis Sale Process: Legal Action Ahead" insightkorea.co.kr/news/articleVi…

@deaflibertarian I am confident that Neuralink will restore hearing one day, just as we will restore vision with our Blindsight implant