Seung Rok-Yoo of Government Employees Pension Service
Pension funds, insurers, institutions, consultants and government officials gathered at The Westin Chosun in Seoul at AsianInvestor’s 7th annual Korea Institutional Investment Forum on July 11.
Attendees discussed challenges facing the Korea institutional investor community, with the $30 billion Korea Federation of Community Credit Cooperatives criticising ministers and government auditors for not taking a more long-term and complete approach when evaluating fund managers’ performance.
Details also emerged on the country’s forthcoming funds supermarket. Some 24 organisations put up nearly $20 million in seed capital to finance the state-backed online service, designed to break the grip of traditional distributors. It is now being supervised by a 10-person committee of industry executives under the Korea Financial Investment Association and will launch next January.
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