Samsung Asset Management, First in Industry to Surpass 300 Trillion KRW in Assets Under Management

[Asia Economy Reporter Minji Lee] Samsung Asset Management announced on the 10th that it has become the first in the industry to surpass 300 trillion KRW in assets under management (AUM). Samsung Asset Management recorded 293.3 trillion KRW, and Samsung Active Asset Management recorded 7.3 trillion KRW.

Samsung Asset Management first surpassed 100 trillion KRW in AUM in March 2011, 200 trillion KRW in December 2015, and 250 trillion KRW in July 2019. This year, it has entered the 300 trillion KRW era at a faster pace than the previous milestones.

Increases in AUM this year alone amounted to 25 trillion KRW, with 14 trillion KRW from pension funds, 5 trillion KRW from discretionary assets, 5 trillion KRW from bond funds and MMFs, and 1 trillion KRW from equity funds, showing balanced growth across each business division. Samsung Active Asset Management also increased by about 1 trillion KRW compared to the previous year.

The total industry AUM stands at 1,320 trillion KRW, having increased by 126 trillion KRW this year. Samsung Asset Management’s increase accounts for about 20% of this growth.

A Samsung Asset Management official stated, “We were able to achieve rapid growth based on customer trust,” and added, “We will go beyond being Korea’s number one to actively compete in scale and products in the global market.”

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