Korea Investment & Securities (KIS) announced on Oct. 16 that it had discussed strategic business cooperation with JP Morgan.
The two companies plan to launch investment financial products in Asia and China to diversify their global investment portfolios.
JP Morgan is the asset management division of JP Morgan Chase Group, headquartered in New York City.
It is a top-tier global asset management firm with approximately 8,000 employees worldwide and assets of $3.9 trillion under management.
JP Morgan encompasses not only traditional assets like stocks and bonds, but a wide range of alternative investment areas including real estate, infrastructure, private equity and hedge funds, multi-asset funds, and exchange-traded funds (ETFs).
Its management and research capabilities are recognized as world-class.
Kim Sung-hwan, president of Korea Investment & Securities, took part in the meeting with Dan Watkins, CEO of JP Morgan Asia Pacific.
The two sides discussed specific areas of cooperation, including product launches for Korean investors and the provision of JP Morgan Asset Management’s global research.
This collaboration with JP Morgan Asset Management, part of Korea Investment & Securities’ strategy to diversify its global partnerships, is expected to solidify the foundation for sustainable growth by enhancing investment infrastructure and strengthening product and research competitiveness.
“KIS held an in-depth meeting to discuss how it can provide special products to investors using KIS,” Kim added, “We will continue to strengthen our global financial network and expand opportunities for Korean investors to participate in global investment ecosystems.”
Collaboration with Global Asset Management Firm
KIS announced on Oct. 15 that it agreed to strengthen its strategic partnership with Man Group by developing customized products for Korean investors in Asian stocks.
Man Group is a 200-year-old global asset management firm with $193 billion under management.
According to KIS, Robyn Grew, CEO of Man Group, met with Kim Sung-hwan, President of Korea Investment & Securities, to discuss customized product strategies for Korean investors and the development of new collaboration products.
Man Group offers a variety of income strategy solutions based on alternative investment strategies such as absolute return funds, macro strategies, structured bonds, and private placement bonds.
KIS has been proactively introducing monthly payment-based public offering funds in collaboration with Man Group since last year.
KIS Man Dynamic Income Fund offers stable monthly dividend income and is structured to flexibly respond to market volatility, providing financial income diversification effects for long-term investors.
Since its launch last year, KIS has racked up cumulative sales of 600 billion won.
“Through these discussions, we discussed ways to increase Korean investors’ access to global credit products and expand their investment horizons to diverse regions including Europe and Asia,” KIS President Kim said.
Gift Certificates for Financial Asset Transfers
KIS announced on Oct. 1 that it will hold an asset transfer promotion, “KIS-bound All Move Up,” for customers with KIS branch accounts.
The core of the promotion is to provide department store gift certificates to those who transfer financial assets from other financial company accounts to a Korea Investment & Securities account by Nov. 28.
Eligible assets include domestic and international stocks, equity-traded funds, equity-traded notes, government bonds, special bonds, corporate bonds and U.S. Treasury bonds.
Gift certificates worth up to 3 million won will be provided based on the total value of transferred assets.
Foreign stocks and U.S. Treasury bonds are recognized at a 1.5x multiplier. However, some companies and U.S. Treasury bonds are excluded from the promotion.
Each of the top three depositors will also receive additional gifts, including an iPhone 17 Pro, a Samsung Bespoke cordless vacuum cleaner, and a Balmuda evaporative humidifier.
_한국투자증권 JP모건.jpg)
