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.
Rapportert av AI Bilde generert av AI
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.
Rapportert av AI
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.
Financial Secretary Paul Chan Mo-po arrived in Paris on Monday to meet French asset managers as Hong Kong seeks to attract global capital.
Rapportert av AI
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.