Midas Asset Management Establishes a Base in Jeonju

Collaboration with the National Pension Service...

Impact on the Concentration of Financial Institutions in Jeonbuk

Truston Asset Management Opens on the 15th,

Capstone Asset Management on the 16th

With the opening of Midas Asset Management’s Jeonju Office in the Jeonbuk Innovation City, the asset management financial ecosystem in Jeonbuk, centered around the National Pension Service, is broadening even further.

On September 14, Midas Asset Management held an opening ceremony for its Jeonju Office and officially commenced operations. The event was attended by Heesuk Yoo, Director of Corporate Attraction Support at Jeonbuk Provincial Government, Dongwook Yoon, Vice Mayor of Jeonju, Sungjoo Kim, Chairman of the National Pension Service, and Jinho Shin, CEO of Midas Asset Management.

At the opening ceremony of the Jeonju office of Midas Asset Management on the 14th, Heesook Yoo, Head of Corporate Attraction Support at Jeonbuk Provincial Government, Dongwook Yoon, Vice Mayor of Jeonju, Sungju Kim, Chairman of the National Pension Service, and Jinho Shin, CEO of Midas Asset Management attended. Courtesy of Jeonbuk Provincial Government

Midas Asset Management has been an asset management company collaborating with the National Pension Service for over 20 years. After growing based on equity management, it has expanded its management scope to include bonds, and is equipped with an asset management system utilizing AI and research technologies.

The Jeonju Office will be responsible for liaison work and operational cooperation with the National Pension Service. In particular, the company plans to use its AI-based technology and research capabilities to carry out asset management-related work in the region.

The Jeonbuk Provincial Government believes that attracting additional private financial institutions will aid in establishing Jeonbuk as a specialized third financial hub for asset management. The authority views an increase in regional bases where financial institutions conduct actual work as a critical factor in building the foundation of a financial city.

Heesuk Yoo, Director of Corporate Attraction Support at Jeonbuk Provincial Government, stated, “We welcome the entry into Jeonbuk of Midas Asset Management, a long-standing partner of the National Pension Service with strong technological capabilities. We will provide meticulous administrative support to ensure that newly settled organizations stably establish themselves in the region.”

More asset management firms are entering Jeonbuk Innovation City. On September 15, Truston Asset Management is scheduled to open a Jeonju office, followed by Capstone Asset Management on September 16. There are projections that if asset management firms collaborate with regional financial and investment companies and secure related personnel locally, the agglomeration of financial institutions could have an even greater impact on the local economy.

This content was produced with the assistance of AI translation services.