Koramco Asset Management Appoints Kim Taewon and Yoon Jangho as Co-CEOs

Strengthening Agility and Expertise
Building a New Growth System

Koramco Asset Management announced on December 2 that it held an inauguration ceremony for its new co-CEOs, Kim Taewon and Yoon Jangho, in the main conference room at its headquarters in Samseong-dong, Gangnam-gu, Seoul. The event was attended by Chairman Yoon Yongro, Koramco REITs & Trust CEOs Jeong Seunghoe and Lee Chungseong, as well as around 100 other executives and employees.

In his inaugural address, CEO Kim Taewon stated, "The asset management market is rapidly restructuring," emphasizing, "Now is the time for us to become a company that leads the market, not just follows it."

He outlined the following as key future directions: ▲establishing an agile decision-making system ▲spreading a communication-based collaborative culture ▲strengthening sector-specific expertise ▲achieving substantial scaling up through external growth and market expansion ▲advancing transparent, principle-based risk management. He also presented a medium- to long-term vision to solidify the data center sector as the company’s leading segment and accelerate portfolio expansion based on this foundation.

Drawing on more than 20 years of experience at Koramco, CEO Yoon Jangho remarked, "It is important to become a company where employees want to stay and one that external partners want to work with."

He proposed practical restructuring measures, including: ▲restructuring for balanced growth in funding, investment, and asset management ▲integrating the management of blind funds and SMAs ▲enhancing the effectiveness of the investment review committee ▲strengthening sector expertise within the asset management organization. He also announced plans to introduce the 'Stove League' system to broaden individual employees’ growth paths.

Both CEOs presented a shared vision of "becoming an agile and highly specialized asset management company." They expressed their commitment to accelerating growth through swift strategy execution, sector specialization, robust risk management, and talent-centered organizational management amid rapidly changing market conditions.

Koramco Asset Management has recently stood out in core sectors such as data centers and offices. The company completed the K-Square Data Center Gasan, a massive 40MW-scale data center in Gasan-dong, Geumcheon-gu, Seoul. Large-scale data center developments are also underway in Ansan and Uijeongbu in Gyeonggi Province and Jangnim in Saha-gu, Busan. In its traditional strength, the office sector, the company is also building a stable performance base by successfully acquiring prime office assets such as the Hyundai Motor Securities Building in Yeouido and Doosan Tower in Bundang.

Koramco Asset Management is a subsidiary of Koramco REITs & Trust. It plays a key role in Koramco's real estate finance system, where the REITs, trust, and fund business divisions are organically connected. Alongside IGIS Asset Management and Mastern Investment Management, it is recognized as one of the leading real estate asset management firms, collectively referred to as "I-Ma-Co." As of the end of November, the company manages approximately 36.4 trillion won in assets under management (AUM) through REITs and real estate funds. The launch of the co-CEO system is expected to further enhance the expertise of each business division within Koramco.

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