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Institutions and policy measures for the development of Korea's asset management industry

Related Document
Frame of Image  of Korea's Asset Management Industry
Supervised by	 Prepared by	 Author	
Financial Services Commission, Republic of Korea KDI School of Public Policy and Management Jinsoo Lee, KDI School of Public Policy and Management, Associate Professor Chang-Gyun Park, Chung-Ang University, Associate Professor
Advisory
Sang Koo Nam, Gachon University, Professor Dongsoo Kang, Korea Development Institute (KDI), Department of Financial Policy, Director and Vice President
Research Management	 Supported by	
KDI School of Public Policy and Management 	 Ministry of Strategy and Finance (MOSF), Republic of Korea
Government Publications Registration Number 11-1051000-000445-01 ISBN 979-11-5545-097-0 94320 ISBN 979-11-5545-095-6 [SET 18] Copyright © 2014 by Ministry of Strategy and Finance, Republic of Korea
Government Publications Registration Number 11-1051000-000445-01
Knowledge Sharing Program
2013 Modularization of Korea’s Development Experience
Institutions and Policy Measures for the Development of Korea's Asset Management Industry
Preface
The study of Korea’s economic and social transformation offers a unique window of opportunity to better understand the factors that drive development. Within one generation, Korea had transformed itself from a poor agrarian society to a modern industrial nation, a feat never seen before. What makes Korea’s experience unique is that its rapid economic development was relatively broad-based, meaning that the fruits of Korea’s rapid growth were shared by ma


Full Text
Title Institutions and policy measures for the development of Korea's asset management industry
Similar Titles
Project Category Development Cases
Material Type Reports
Author(English)

Lee, Jinsoo; Park, Chang Gyun

Publisher

Seoul:KDI School of Public Policy and Management

Date 2014
Project Development Cases
Series Title; No Knowledge Sharing Program: KSP Modularization
ISBN 979-11-5545-097-0 94320
Pages 108
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Economy < Financial Policy
Holding KDI School of Public Policy and Management
Supervisor KDI School of Public Policy and Management
Organizer Financial Services Commission; KDI School
Sponsor Ministry of Strategy and Finance
Project Term 2013-01-01 ~ 2013-12-31

Abstract

The asset management industry is a service industry where professionals run assets provided by individual investors. Korea's asset management industry started to develop with the purpose to foster the capital market so that funds could be directed for Korean economic development.
In this report, we examine the historical development and growth of Korean asset management industry and take a detailed look at the growth of Korea’s pension market which has provided the fertile soil for the development of Korean asset management industry. Pensions can promote the development of the capital market and asset management industry in three aspects. First, since a pension plan is developed as a long-term contract, the asset management based on the pension can also be developed on a long-term basis. Asset management based on the pension can be less affected by the short-term movement of the asset market, and thus the investment in long-term assets and high-risk assets can be promoted. (The rest omitted)

User Note

Government Publications Registration Number 11-1051000-000445-01