The Korea Technology Finance Corporation (hereinafter referred to as the “KIBO”) announced on Friday the 30th that it achieved an “excellent” grade in the “2024 Fiscal Year Fund Management Evaluation” hosted by the Ministry of Strategy and Finance.
The fund management evaluation is an evaluation of the asset management performance and the appropriateness of the management system by a fund management evaluation team comprised of private experts in accordance with the ‘National Finance Act’. This fund management evaluation was conducted on a total of 27 funds. Kibo received an ‘excellent’ grade for the second consecutive year, and was recognized for its efforts to improve and innovate across the asset management system, policy, and execution.
In particular, Kibo has been actively working to improve operating returns by increasing the proportion of overseas assets to diversify operating assets, regularly holding strategic meetings led by executives in charge to respond to financial market volatility, and rebalancing the portfolio according to market changes.
In addition, it was highly evaluated for proactively reflecting the latest trends in the financial market, such as introducing the 'Korea Value Up Index' as a benchmark index and establishing a 'Green Fund' to directly link fund management with green economic activities.
Based on these achievements, Kibo has achieved an 'excellent' rating for two consecutive years, and is evaluated as having established itself as a model case in the field of pension fund asset management by obtaining the highest rating among financial funds.
Kim Jong-ho, Chairman of Kibo, said, “Kibo was able to achieve meaningful results by proactively introducing a market-friendly asset management process even in a situation where volatility in the financial market was increasing due to increased internal and external uncertainties last year,” adding, “We will continue to do our best to simultaneously increase the stability and profitability of the fund through diversified management process innovations.”
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