Samsung real-estate arm seeks foreign partners

The real-estate division of Samsung Asset Management is looking to forge partnerships in the US, UK and other developed economies where distressed asset sales are expected to take place this year, says Young Chai, senior managing director in Seoul. “The global economy may throw up an opportunity,” he says. It would be difficult for Samsung to underwrite an overseas asset, but it can bring its Korean investor base to the scene. The firm’s real-estate funds business began in 2009,…