Macquarie Korea Asset Management was incorporated in Korea on 17 October 2002 and was licensed as an infrastructure asset management company under the Financial Investment Services and Capital Markets Act on 11 November, 2005. Subsequently, MKAM expanded its license to manage special asset funds per FSCMA on 24 June 2010 and to manage real estate funds on 27 November 2013.

MKAM is the sole manager of MKIF pursuant to the Management Agreement between MKIF and MKAM, dated December 13, 2002 and subsequently amended and restated on 27 February 2012.

As the asset manager, MKAM performs all representative functions for MKIF, provides management, investment and administrative services, including managing assets and monitoring custody, administration and sales agency services provided by the relevant service companies to MKIF, in accordance with the Management Agreement and other constituent documents of MKIF.