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October 2021
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Korea tech financing agency calls bids for 150 billion won bond mandate

Technology
By Hui Ching-hoo   
September 1, 2021

South Korea’s quasi-government technology financing agency Korea Technology Finance Corporation (KOTEC) is looking to hire an asset manager for a 150 billion won (US$128.85 million) domestic bond discretionary mandate, which could be increased to 200 billion won.

The manager will be appointed for one year starting October 2, KOTEC says in its request for proposal published on the website of the Korea Financial Investment Association on August 30.

Applicants must be experienced in domestic bond discretionary investments and have at least 100 million won of assets under management.

Applications are open until September 6 and the manager is expected to be appointed by September 27.

KOTEC provides financing for innovative Korean small and medium enterprises, and has provided 21.8 trillion won of credit guarantees to technology SMEs and startups since it was established in 1989.

According to latest available official figures, the agency had 2.06 trillion won of assets as of December 2019.