Samsung Asset Management Receives Commendation Award from Financial Services Commission Chairman

2023 Global ETP Conference Seoul Event
Contribution to Achieving 100 Trillion KRW in Domestic ETF Market

Samsung Asset Management announced on the 10th that it received the Commissioner of the Financial Services Commission Award for Merit at the ‘2023 Global ETP Conference Seoul’ hosted by the Korea Exchange, in recognition of its contribution to achieving a 100 trillion KRW domestic ETF (Exchange-Traded Fund) market.

On the 10th, at the '2023 Global ETP Conference Seoul' held at the Korea Exchange, Seobonggyun, CEO of Samsung Asset Management (right), is receiving the Commendation Award, the Financial Services Commission Chairman's Award. On the left is Kim Soyoung, Vice Chairman of the Financial Services Commission.
[Photo by Samsung Asset Management]

Samsung Asset Management launched Korea’s first ETF, KODEX 200, in 2002, and was the first in the country to list overseas ETFs, bond ETFs, and derivative ETFs. In 2008, it listed Korea’s first thematic ETF, the ‘KODEX Samsung Group Stock’ ETF, presenting a successful model for thematic and strategic ETFs beyond index ETFs. In 2009 and 2010, it led the popularization of ETFs by listing Asia’s first inverse and leveraged ETFs, and recently introduced maturity-matching and risk-free benchmark interest rate ETFs, proposing a new investment method to build more stable returns through ETFs.

KODEX surpassed 30 trillion KRW in net assets in 2021 and broke through 45 trillion KRW last month, the first in the industry. KODEX is credited with playing a leading role in ushering in the 100 trillion KRW era of the domestic ETF market by increasing net assets by more than 13 trillion KRW this year alone. As of the previous day’s closing price, it holds 177 stocks with net assets of 46 trillion KRW, maintaining the industry’s number one market share at approximately 41%.

A Samsung Asset Management official said, “This award is the result of recognizing our efforts over the past 21 years to develop and manage ETF products necessary for investors in collaboration with financial authorities, the exchange, and distributors,” adding, “We will continue to lead the growth of the domestic ETF industry and do our best to contribute to the development of the Korean capital market.”

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