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Institutional investors and other limited partners from Korea highly prefer real estate compared to global peers, according to a recently published report.

The report from Private Equity Real Estate (PERE), an international online magazine publisher on the property market, is in line with the popularity of buildings and other forms of property in Korea as a means of investment.

Limited partners refer to those who have a substantial amount of liquid capital to invest, but do not take part in actively running or managing the business and have limited liability on such business they invested in.

They range from financial companies to high-net-worth individuals, family offices and sovereign wealth funds.

Titled "A growing wave of capital: Japanese & South Korean institutional investor appetite global estate," the report showed limited partners from Seoul allocated an average 10.88 percent of their investment in real estate.

The rate was higher than the global average of 9.93 percent and also exceeded Japan's 4.08 percent.

Of the 182 surveyed limited partners from the two countries, the National Pension Service (NPS) of Korea was ranked at the top in real estate investments.

The pension operator invested $36.74 billion, followed by Japan Post Bank with $27.5 billion.

Samsung Life Insurance was in third place with $18.66 billion, and the Korea Teachers' Credit Union took fifth place with $10.18 billion.

Of the overseas real estate investments from Korean limited partners, Asia-Pacific accounted for 69.4 percent.

Some 36.1 percent of investments were in North America and another 34.7 percent in Europe.

The Middle East and Africa accounted for 5.6 percent, and Latin America also made up another 5.6 percent.