▲ Employees including new hires of Korea Investment Trust Management, who attended the overseas training held in Ho Chi Minh City, Vietnam from the 23rd to the 25th, are taking a commemorative photo. (Photo by Korea Investment Trust Management)
Korea Investment Management announced on the 27th that it conducted a new employee training program in Ho Chi Minh City, Vietnam, over a 3-day, 2-night period from the 23rd to the 25th. This training was held for nine new employees who joined at the end of last year.
Except during the COVID-19 period, Korea Investment Management has continuously conducted overseas training for new employees. The main purpose is to enhance understanding of the host country and to grasp the operations of local subsidiaries by visiting overseas locations where Korea Investment Management’s local subsidiaries are situated. This training was also held in Ho Chi Minh City, where Korea Investment Management’s Vietnam local subsidiary (KIMVN) is located.
The new employees were introduced to the operations conducted by the Vietnam local subsidiary. Korea Investment Management’s Vietnam subsidiary started as a research office in 2006 and was converted into a corporation in 2020. Currently, more than 30 staff members, including over 15 Vietnam-specialized asset management and research personnel, are stationed there. They analyze the Vietnamese market locally and utilize the insights for fund management.
During the overseas training, the new employees attended regular research meetings held at the local subsidiary and participated in seminars hosted by Korea Investment & Securities’ Vietnam branch. They also visited real estate sites located on the outskirts of Ho Chi Minh City to observe actual asset management operations and experienced the local stock market atmosphere by visiting the Ho Chi Minh Stock Exchange.
The new employees who attended the Vietnam overseas training shared their impressions, saying, “This overseas training increased our understanding of Vietnam,” and “Seeing the busy local Vietnamese people, we felt strong energy and growth momentum.”
Joonhwan Cho, Head of Corporate Planning at Korea Investment Management, stated, “This training has been conducted since before COVID-19, aiming to understand the Vietnamese fund investment market, which is one of the core competitive products among overseas investment funds, and to enhance understanding of the company and its business. We plan to continue the training programs focusing on countries where our local subsidiaries and offices are located.”
Meanwhile, Korea Investment Management operates the largest Vietnam fund among domestic asset management companies (with net assets of approximately KRW 1.12 trillion as of the 26th). The Vietnam funds launched domestically by Korea Investment Management include six funds: ▲Korea Investment Vietnam Growth Fund (KRW 648.4 billion), ▲Korea Investment Vietnam Fund (KRW 270.5 billion), ▲Korea Investment China Vietnam Fund (KRW 35.8 billion), ▲Korea Investment Vietnam IPO Fund (KRW 11.1 billion), ▲ACE Vietnam VN30 ETF (KRW 180.3 billion), and ▲ACE Vietnam VN30 Futures Bloomberg Leverage ETF (KRW 6.7 billion).
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