German Asset Manager DWS Also Opens Jeonju Office... Financial Institutions Top 40

Global asset manager headquartered in Frankfurt
Investment partner of the National Pension Service since 2004

Global asset manager DWS Asset Management has opened an office in Jeonju, Jeollabuk-do. The number of global asset managers with offices in Jeonju has now risen to 13. Including domestic financial institutions, 40 financial institutions operate offices in the city.

The National Pension Service said on October 19 that “DWS Asset Management held an opening ceremony that afternoon at its office in Manseong-dong, Jeonju.”

DWS Asset Management is headquartered in Frankfurt, Germany. It operates in 24 countries, with major financial centers such as New York, London and Hong Kong serving as hubs. The company established its Korean subsidiary in 2002 and has continued operating in the domestic asset management market.

Attendees, including Kim Seongju, chairman of the National Pension Service (fifth from left), and Markus Kobler, global CFO of DWS Asset Management (third from right), applaud at the opening ceremony of DWS Asset Management's Jeonju office in Mansong-dong, Jeonju, Jeonbuk State, on the 19th. National Pension Service

DWS Asset Management began working with the National Pension Service in August 2004, when it signed a discretionary investment mandate for domestic bonds. Under a discretionary investment mandate, investment decisions are entrusted to an asset manager. Since then, the company has expanded its management activities to overseas real estate, equities and infrastructure, and has worked with the National Pension Service for more than 20 years. It has provided investment strategies and products across multiple asset classes to meet the National Pension Service’s investment needs, and has also offered training programs at its German headquarters.

Attendees at the opening ceremony included ▲Kim Seongju, chairman of the National Pension Service ▲Joern Beissert, deputy head of mission at the German Embassy in Korea ▲Markus Kobler, global chief financial officer (CFO) of DWS Group ▲Lee Taeyoung, head of DWS Asset Management’s Korean subsidiary.

Chairman Kim said, “We will continue to expand our cooperation with global asset managers and work to help Jeonju grow into an asset management hub that attracts global financial institutions.”

DWS Asset Management plans to begin changing its brand name in November 2026 and rename its Korean subsidiary “Deutsche Asset Management” in the first half of 2027.

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