South Korea’s wealth fund will establish a Tokyo office as its sixth overseas outpost to focus on alternative assets.
The new office joins existing locations in New York, London, Singapore, Mumbai and San Francisco. The plan was reported on June 4, 2026. It aims to expand the fund’s reach into alternative investments through the Japan location.
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Industry Minister Kim Jung-kwan said specific investment projects in the United States can be discussed after a new law takes effect on June 18. The move aligns with last year's trade agreement committing South Korea to invest $350 billion in the US.
South Korea's Finance Minister Koo Yun-cheol met senior executives from global investment and asset management firms in New York on Tuesday local time, the finance ministry said. The executives expressed hopes for stronger partnerships with South Korea. Koo stressed the country's openness to investment.
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South Korean asset management firms' combined net profit for 2025 surged 67 percent to 3.01 trillion won. Preliminary data from the Financial Supervisory Service attributes the rise mainly to increased commission income. Assets under management also grew significantly.
SBI Group intends to launch Bitcoin and Ethereum ETFs in Japan following expected regulatory changes. The initiative targets the country's vast household savings pool through familiar brokerage and tax-advantaged channels.
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South Korea's 61 securities firms posted a combined net profit of 4.33 trillion won in the first quarter, up 77 percent from a year earlier, driven by higher commission income from increased stock trading.