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June 2022
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Korea Post names winners of domestic equity fund mandate

Korea Post
By Hui Ching-hoo   
April 21, 2022

Korea Post has hired four asset managers for its first tender of 2022, a domestic equity fund mandate of unspecified value, almost two months after calling for bids.

The winning bidders are local firms KB Asset Management, Samsung Asset Management and Hanwha Asset Management, and NH-Amundi Asset Management, a joint venture between Korea’s Nonghyup Financial Group and France’s Amundi, the government postal agency says in a statement on April 18.

Korea Post doesn’t often announce tender results publicly.

The investment is for the agency’s insurance unit and is benchmarked against the KOSPI Total Return Index.

Korea Post has around 150 trillion won (US$122.4 billion) of total assets.