Preed Life

Preed Life

Preed Life was established in 2002 as a provider of at-need and pre-need funeral products in South Korea. VIG Partners consolidated the business through acquisitions before Woongjin Group acquired 99.77 percent of the company in 2025. The firm holds direct ownership of Shillakwon Gimpo and the broader Shillakwon Network spanning Incheon, Daejeon and Hongcheon. It also owns a minority interest in HL3 REIT, which controls the Center Place office building in Seoul's central business district. Additional positions include commitments to BlackRock Global Infrastructure Debt Fund via Kiwoom Asset Management and to Mastern Life Partners PEF. Geographic exposure remains concentrated in South Korea with one global infrastructure allocation. Preed Life employs no disclosed headcount figure. It maintains one philanthropic vehicle, Shillakwon's Companion, launched in 2025 to support elderly welfare programs including a partnership with Milil Welfare Foundation. In May 2024 the firm attended the ASK Global Conference in Seoul. Service providers include Shin & Kim for legal matters and KB Asset Management for investment advice. Ownership by Woongjin Group supplies the primary governance structure, with prior private equity oversight from VIG Partners and a 2024 co-investment from KKR Private Credit shaping the current capital base.