Principal Investment & Trading Policy
KARYU estate (the "Company"), as a fiduciary pursuing the best interests of our clients, declares the maintenance of exceptionally high ethical standards and transparency in principal investments and personal trading conducted by the Company itself and its executives and employees. To strictly eliminate the misuse of information acquired during operations and investment behavior that competes with our clients, we establish the following basic policy.
1. Absolute Priority of Client Interests & Avoidance of Competition
The Company, its executives, and employees will prioritize the client's interests in any principal investment or trading. We strictly prohibit the act of the Company or its personnel preemptively acquiring for their own benefit an investment opportunity, such as real estate, that a client is considering or moving to acquire (front-running), as well as participation in any transaction that directly competes with the client.
2. Strict Management of Conflicts in Principal Investments
For principal investments conducted by the Company as strategic warehousing (temporary holding) or real estate planning and sales, we will clearly delineate the boundary between advisory/brokerage operations and proprietary trading in accordance with our "Conflict of Interest Policy." When proposing company-owned assets to a client, we will fully disclose at the initial stage the fact that the Company is the seller (or an interested party) and present only fair prices and terms based on objective market data.
3. Restrictions and Reporting on Personal Investments
Personal real estate investments or financial product transactions conducted by executives and employees are permitted only to the extent that they do not conflict with the Company's business and the clients' interests. Certain transactions that may give rise to doubts regarding conflicts of interest with our operations (such as acquiring real estate near a project the Company is involved in) require prior declaration and approval, structurally preventing opaque proprietary trading.
4. Prohibition of Abuse of Superior Bargaining Position & Contribution to Fair Markets
In conducting proprietary trading, we will not utilize our informational power as real estate professionals or any superior bargaining position over business partners, financial institutions, etc., to engage in aggressive trading or price-beating that distorts fair market price formation. As a participant in the market, the Company will always conduct appropriate and ethical transactions, contributing to the formation of a sound real estate market.