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Korea Post picks Shinhan and Korea Investment for socially responsible bond mandate

Korea Post
By Hui Ching-hoo   
March 26, 2024

Korea Post has chosen local asset managers Shinhan Asset Management and Korea Investment Management Co for a socially responsible domestic fixed income mandate that was tendered out last month.

The government postal agency announced the tender results on its website on March 22, six weeks after calling for bids. The value of the mandate has not been publicly disclosed.

Shinhan Asset Management and Korea Investment Management will be appointed for one year.

Sejong-based Korea Post, which has around 150 trillion won (US$112 billion) of assets, is one of the most prolific Korean asset owners in outsourcing investments, with four tenders called since January. It doesn’t often name the winning bidders publicly.