Hanwha Asset Management held an opening ceremony for its new regional office in Jeonju, North Jeolla Province, where the National Pension Service is headquartered. The ceremony took place on the day before the announcement, with attendees including Hanwha Asset Management CEO Kim Jong-ho and National Pension Service Chairman Kim Sung-joo. The office opening aims to establish closer communication channels with the National Pension Service and create a strategic base for understanding evolving investment environments. The move comes as the National Pension Service grants preference points to asset managers operating Jeonju offices during the selection process for fund management contracts. This policy has prompted multiple major asset management firms to establish regional presence in Jeonju, positioning the city as an emerging hub for South Korea's pension fund finance sector.
Hanwha Asset Management Establishes Strategic Base in Jeonju
Hanwha Asset Management stated the Jeonju office will build a close communication system with the National Pension Service and establish a strategic base to expand understanding and cooperation regarding changing investment environments. The company announced it will actively participate in the growth of North Jeolla Province's financial ecosystem and revitalization of the financial industry. The firm plans to expand exchanges with local communities and financial institutions and contribute to establishing North Jeolla Province as a core hub of South Korea's financial industry by sharing investment-related information and market insights.
CEO Kim Jong-ho stated that Jeonju has grown into a core hub of South Korea's pension fund finance centered on the National Pension Service. He said the company will contribute to revitalizing the financial industry and developing the financial ecosystem in North Jeolla Province through the Jeonju office opening.
Asset Management Industry Expands Jeonju Presence Following National Pension Service Policy
The asset management industry has been opening Jeonju offices as the National Pension Service decided to grant preference points to asset managers operating Jeonju offices when selecting fund managers. Five major financial group-affiliated asset managers previously opened offices in Jeonju. Samsung Asset Management is preparing to open a Jeonju office.
FAQ
Why did Hanwha Asset Management open a Jeonju office?
Hanwha Asset Management opened the Jeonju office to strengthen communication with the National Pension Service, which is headquartered in Jeonju, and to establish a strategic base for understanding evolving investment environments. The National Pension Service grants preference points to asset managers with Jeonju offices during fund manager selection.
Which other asset management firms have opened Jeonju offices?
Five major financial group-affiliated asset managers have already opened offices in Jeonju. Samsung Asset Management is currently preparing to open a Jeonju office.
