Jungjingong Announces Public Offering for External Management Firms of Performance Reward Fund

Final Selection of One Company, 4-Year Consignment Period
Operation Start Targeted for 2021

[Asia Economy Reporter Kim Heeyoon] The Small and Medium Business Corporation announced on the 6th that it is recruiting an external entrusted management institution (OCIO) for the Tomorrow Filling Deduction Project Performance Reward Fund.

Earlier, on the 21st of last month, the Corporation held a fund briefing session for securities firms and asset management companies. They are accepting proposals through the government procurement system with the goal of starting operations in 2021, and the deadline is the 25th. Through technical evaluation, a preferred negotiation candidate will be selected by the end of October, and considering the efficiency of fund operation and management, one asset management company will be finally selected.

The fund operation period is four years from the contract signing date. Unlike before, when the Corporation entrusted securities firms and asset management companies separately by industry sector, this time the selection will be made without distinguishing industry sectors.

Kim Hakdo, Chairman of the Small and Medium Business Corporation, said, “With the introduction of the Performance Reward Fund OCIO, improvements in asset management systems and strengthening of the expertise of operation managers are expected,” adding, “It will also be possible to expand benefits for subscribers of the Tomorrow Filling Deduction through enhanced fund operation performance.”

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