Shinhan Fund Partners Becomes First in Industry to Surpass KRW 1,000 Trillion in Assets Under Custody

Shinhan Fund Partners announced on April 28, 2026, that it has become the first in the domestic asset management administration industry to surpass KRW 1,000 trillion in assets under custody.

As of April 22, the total assets under custody stood at KRW 1,045.9 trillion, marking a 112.5% increase compared to the end of 2024 (KRW 492.1 trillion). This growth rate far exceeds the market growth rate of 45.5% during the same period.

Shinhan Fund Partners has recently strengthened its client base of large institutional investors by newly acquiring the National Pension Service (KRW 298 trillion) and the Housing and Urban Fund (KRW 12 trillion), as well as by reacquiring the National Health Insurance Service (KRW 20 trillion) and the Teachers' Pension (KRW 14 trillion). More recently, it was selected as the new fund administration trustee for the Military Mutual Aid Association.

As a result, its institutional market share has risen from 17.2% at the end of 2024 to 49.9% currently. Its overall market share increased from 27.7% to 40.5% during the same period. The company now holds a 50.3% share in the exchange-traded fund (ETF) market, 56.8% in the alternative investment market, and 34.3% in the public and private fund markets.

A Shinhan Fund Partners representative stated, "We plan to go beyond simple custody work efficiency by introducing 'Shinbi,' our industry's first proprietary language model, and advance data-driven financial services. Our goal is to become a global-level fund infrastructure company."

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