Hanwha Asset Management said on the 21st that it opened its Jeonju office. At the opening ceremony held on the previous day, key officials from both sides attended, including Chief Executive Kim Jong-ho of Hanwha Asset Management and Chairman Kim Sung-joo of the National Pension Service (NPS).
Hanwha Asset Management plans to use the opening of the Jeonju office as an opportunity to further strengthen communication with the National Pension Service (NPS) and establish a cooperative system that can respond more quickly to the changing investment environment. Based on this, it plans to expand long-term cooperation opportunities and strengthen partnerships with institutional investors.
It will also help invigorate the regional financial industry. Hanwha Asset Management said it plans to use Jeonju as a base to expand exchanges with local financial institutions and related organizations and to actively participate in the development of the financial ecosystem.
Chief Executive Kim Jong-ho of Hanwha Asset Management said, "Jeonju has grown into a core hub of Korea's pension finance centered on the National Pension Service (NPS)," and added, "With the opening of the Jeonju office, we will contribute to revitalizing the financial industry in North Jeolla and to the development of the financial ecosystem."
Meanwhile, the National Pension Service (NPS) recently revamped its criteria for selecting domestic stock and bond external managers and introduced a system that gives extra points to managers based in Jeonju, North Jeolla, where the fund management headquarters is located.