Global investment firm KKR announced on 29 September 2026 that funds under its management have entered into separate agreements to sell Central Tank Terminal Co., Ltd. (CTT) in Japan and Central Terminal Korea Co., Ltd. (CTK) in South Korea to institutional investors. Although completion remains subject to customary closing conditions, financial terms of the transactions were not disclosed.

Across Japan, CTT operates 12 tank-storage facilities with over 450 tanks and a total capacity exceeding 420,000 kiloliters in major industrial zones. In South Korea, CTK manages a tank-terminal complex situated in Ulsan, alongside grain-silo facilities in Ulsan and Pyeongtaek. These operations provide handling and storage services for energy, chemical, agricultural and logistics clients.

KKR initially acquired CTT in 2021 before entering the South Korean market in 2023 through the purchase of CTK. Throughout its holding period, KKR supported capacity expansion, operational improvements and targeted bolt-on acquisitions in Japan, while investing in safety practices and management teams.

Yasuka Miyakawa, President & CEO of CTT, said, “KKR has played a valuable role in CTT’s growth, strengthening our capabilities, expanding our terminal network, and investing in the people and facilities that enable us to better serve our customers. We are grateful for KKR’s support and look forward to building on this momentum in our next chapter.”

Chansoo Kim, CEO of CTK, said, “Under KKR’s ownership, CTK has advanced its growth plans, strengthened our commercial and operational capabilities, and continued investing in safe, reliable infrastructure for our customers. We thank KKR for its collaboration and look forward to the business’ continued growth.”

Keith Kim, Partner at KKR, said, “We saw an opportunity to build on CTT’s leading national network and CTK’s strategic Ulsan position to scale critical chemical-storage and logistics infrastructure in high-barrier, demand-resilient markets. Working closely with CTT and CTK, we strengthened their capabilities, expanded capacity and enhanced operational excellence. Both businesses are well positioned to continue their growth journeys.”

KKR maintains approximately US$119 billion in global infrastructure assets under management. Over the past two decades in Japan, KKR has accumulated more than US$20 billion in assets under management. In South Korea, where the firm established a presence in 2009, KKR has deployed over US$9 billion across private equity, infrastructure, real estate and credit strategies.