The National Pension Service announced on January 30 that it welcomes Shinhan Financial Group’s decision to establish the entire capital market business value chain at the group level in Jeonbuk Innovation City.
This decision by Shinhan Financial Group aims to build an asset management and capital market hub in Jeonbuk Innovation City, marking the second such announcement following KB Financial Group’s declaration to create a financial town.
Shinhan Asset Management plans to open an office in Jeonju this year, and Shinhan Fund Partners, which was selected as a domestic asset custodian for the National Pension Service, has had about 30 employees working in Jeonju since January 2026. The group also plans to establish its first customer service center outside the Seoul metropolitan area in Jeonju.
Shinhan Financial Group has also expressed its intention to actively participate in fostering the financial ecosystem in Jeonbuk, in line with its policy to develop the area into a capital market base with more than 300 employees in the future.
Sungjoo Kim, Chairman of the National Pension Service, stated, "With the successive decisions by financial groups, the foundation for building an asset management ecosystem is becoming more solid," adding, "We look forward to Shinhan Financial Group growing together with the National Pension Service."
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