Korea Post, South Korea’s state-run postal operator, is planning to expand investments into AI data centers, logistics facilities, and multi-family housing in North America and Europe as it seeks higher returns amid growing losses in its mail business, according to Reuters.

President In-hwan Park said the group sees attractive opportunities in developed-market real estate after property valuations corrected sharply following the pandemic. Korea Post is especially interested in real estate secondaries, which offer discounted access to underlying assets with what Park described as a “margin of safety.”

The organization, which manages 157 trillion won in savings and insurance funds, recently selected Blackstone and Madison International Realty to manage a $230 million overseas property secondaries fund.

Despite its push into higher-yielding assets, Korea Post maintains a conservative focus due to its obligation to protect retail investors’ principal and interest. Around 70% of assets will remain in safer investments such as bonds, while the remaining funds may increasingly target mid-risk assets like private debt and mezzanine finance.