2 weeks Ago By [email protected](KoreaTimes)
Hanwha Group Chairman Kim Seung-youn, second from left, poses for a picture with Hanwha Asset Management employees at the company headquarters at 63 Building in Yeouido, Seoul, Tuesday. Yonhap By Yoon Ja-young Hanwha Group Chairman Kim Seung-youn visited the group’s asset management arm in person, encouraging it to embrace innovation and challenges as a global asset management firm. Also present was Hanwha Life Chief Global Officer Kim Dong-won, the chairman’s second son leading the company’s global financial business, along with the asset manager’s CEO Kim Jong-ho.
“Despite the obstacles in the market, Hanwha Asset Management continued overcoming challenges and innovating, growing into the country’s top asset management company with over 100 trillion won in assets,” the chairman said while visiting the company headquarters at the 63 Building in Yeouido, Seoul, Tuesday. Hanwha Asset Management has been bolstering its competitiveness in the global market by establishing networks with over 50 financial institutions, including Goldman Sachs, KKR and Temasek, across North America, Europe and Asia. Its U.
S. arm has been enhancing access to advanced financial markets with headquarters in San Francisco and an office in New York, while its Singapore operations serve as a key hub in its expansion into the Asian market. Its U.
S. operation has been strengthening its foothold in the American market, launching an alternative investment fund last year. It is also focusing on strengthening its direct investment capabilities in the global market, hiring 10 local financial investment experts.
The chairman toured the Dreamwork Smart Office, a work system that Hanwha Asset Management introduced as the first in the industry, and greeted employees working there. The Dreamwork system boosts work efficiency without being bound to a fixed location, aiming for creative execution of work. He posed for the employees who eagerly requested selfies and happily interacted with them, smiling and waving.
“In traditional asset classes like stocks and bonds, as well as in alternative investments, let’s build sustainable competitiveness to lead the market,” he said, calling for another leap in the rapidly growing private equity, venture capital, exchange-traded funds (ETFs) and pension sectors. The asset manager’s alternative investment sector surpassed 20 trillion won in assets under management as of the end of September, on continuous growth of private equity/venture capital, infrastructure and real estate. It was recently selected by the Korea Overseas Infrastructure & Urban Development Corp.
to manage the green infrastructure export support fund. The Hanwha PLUS K-Defense Industry ETF, which was launched last year, achieved a 62.21 percent return as of Oct.
31, which is the highest in the domestic ETF market this year, on the export success of the Korean defense industry. Its net asset size grew to 250 billion won since its launch. “In a market more competitive than any other, Hanwha Asset Management employees poured their passion and dedication into every moment.
You are the ‘Great Challengers’ representing Hanwha,” the chairman said, encouraging the new CEO and all employees to move forward..
