MK Business News Logo
Thursday, July 31, 2014 search icon
검색 search
Top Stories
Opinion Editorial
Subscribe to MK English Newsletter
World Knowledge Forum

Home > mk Business News 프린트 이메일 전송 리스트
Korea Investment Management selected as co-lead manager for S. Korea’s investment pool for public funds
2012.12.28 16:24:59
South Korea’s investment pool for public funds totaling 11.60 trillion won ($10.82 billion) will pick Korea Investment Management (KIM) as a co-lead manager.

[Korea Investment Management selected as co-lead manager for S. Korea’s investment pool for public funds] 기사의 본문 이미지

The latest appointment came after the Korean government decided to put its investment pool under the management of multiple managers in November this year, instead of entrusting the management to a sole company. As a result, KIM will be responsible for running the investment pool for the next four years. The management contract with the current sole manager, Samsung Asset Management (SAM), is due to end in December 2013.

The change in the management system of the asset pool was decided at an operation committee for the public investment pool held by the Ministry of Strategy and Finance (MOSF) Friday. Based on the decision, KIM will supplement its structure, system and personnel and begin the operation of the pooled funds in the first half (H1) of 2013. A total of 55 public funds in the investment pool have the option to choose their lead manager between KIM and SAM.

The investment pool for public funds was set up by collecting capital available for investment from funds that do not have professional, in-house divisions for management and designating a company for co-management of the pooled funds. Since the pool was established in 2001, SAM has been the sole manager for the last 12 years. Gaining the right for its co-management, therefore, offers an opportunity for a fund manager to boost its credibility, as the co-manager is in charge of operating investments from 55 funds. “The investment pool for public funds has increased seven trillion won in size over the last two years, and thus its management needs to be strengthened to better serve the investors,” said the MOSF.

[Written by Hyun-kyu Shin - Sun-ah Kim / edited by Soyoung Chung]

[ⓒ Maeil Business Newspaper &, All rights reserved]

경제용어사전 프린트 이메일 전송 리스트

PDF list
Thurs, July 31, 2014
Latest News
Former Semo Group chairman may have d..
‘Mobile Korea’ wobbles on China’s ..
Gov’t to pump $25bn within this year
S. Korea: transforming into multi-eth..
Imports of overseas express transport..
Dongsung Finetec wins order for world..
June industrial output growth highest..
Parliamentary by-election, re-electio..
Hyundai Motor’s labor woes strike ag..
Late Yoo’s chauffeur says he left Yo..
Press Releases&Speeches
[Press Release] UN Security Council’..
[Press Release] Interest rates: June ..
Today Vocab&Phases
[07/31 Thurs] Adjusted balance method
crude, implicit

Terms of Use | Advertise With Us | Privacy Policy | Copyright Policy | Contact Us | Unauthorized collection of e-mail addresses disapproved
Copyrightⓒ 2009 Maeil Business Newspaper & MK Inc. All rights reserved.