"Let's Enrich the Investor's Tomorrow"
Kim Seung-yeon, Chairman of Hanwha Group, visited the headquarters of Hanwha Asset Management to encourage employees and urge innovation and challenges as a global asset management company.
On the 5th, Chairman Kim visited the 63 Building in Yeouido, Seoul. Joining him were Kim Dong-won, Chief Global Officer (CGO) and President of Hanwha Life, who leads Hanwha Life’s global financial business, and Kim Jong-ho, CEO of Hanwha Asset Management.
Kim Seung-yeon, Chairman of Hanwha Group (center), is taking a commemorative photo with Kim Dong-won, Chief Global Officer (CGO) of Hanwha Life, Kim Jong-ho, CEO of Hanwha Asset Management, and employees at the 63 Building in Yeouido, Seoul on the 5th. (Photo by Hanwha Group)
Chairman Kim said, "Despite the difficult market environment, we have repeatedly challenged and innovated to grow into the nation’s top asset management company with assets under management exceeding 100 trillion won. Based on the capabilities accumulated domestically, we are operating local subsidiaries overseas in the U.S., Singapore, and other locations, advancing as a global asset management company."
Hanwha Asset Management has built networks with over 50 financial institutions including Goldman Sachs, KKR, and Temasek across North America, Europe, and Asia, enhancing its competitiveness in the global market. Hanwha Asset Management’s Americas subsidiary strengthened its position in the U.S. market last year through achievements such as launching a local alternative investment fund.
On this day, Chairman Kim toured the site of the 'Dreamwork Smart Office,' a work system first introduced in the industry by Hanwha Asset Management, and greeted the employees working there. While touring the office, Chairman Kim smiled broadly when handed a flower basket made by members of the flower arrangement club. He then personally sealed a time capsule containing the 'No. 1 Hanwha' spirit of the Private Equity (PE) Business Division employees, wishing for Hanwha Asset Management’s continued success.
Chairman Kim proposed, "Let us build sustainable competitiveness that leads the market in traditional assets such as stocks and bonds, as well as in alternative investments. The rapidly growing Private Equity (PE) and Venture Capital (VC) sectors, along with ETFs and pension businesses, should prepare for another leap forward amid fierce competition to make investors’ tomorrows even richer."
Hanwha Group Chairman Kim Seung-yeon (left) is greeting Hanwha Asset Management employees at the 63 Building in Yeouido, Seoul, on the 5th. (Provided by Hanwha Group)
As of the end of September, Hanwha Asset Management’s alternative investment division surpassed 20 trillion won in assets under management. Also, the 'PLUS K Defense' ETF, which was listed last year, achieved the highest return in the domestic ETF market this year (62.21% as of the closing price on October 31), growing its net asset size to 250 billion won. Hanwha Asset Management is also pursuing the listing of 'K Defense' on the New York Stock Exchange.
Chairman Kim stated, "Amid the fiercest competition in any market, the asset management employees who dedicate their passion every moment are already Hanwha’s representative 'Great Challengers.' When the entire Hanwha family, including the new CEO, moves forward with one heart, the opportunities before us will approach as a brilliant future."
Kim Seung-yeon, Chairman of Hanwha Group (left), is visiting the Hanwha Asset Management headquarters at 63 Building in Yeouido, Seoul, on the 5th and signing the guestbook. On the right is Kim Dong-won, Chief Global Officer (CGO) of Hanwha Life Insurance. Photo by Hanwha Group
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