Korea Post names new CIOs of savings, insurance arms
By Feb 09, 2021 (Gmt+09:00)
NPS to cut global stocks under GP management, up its direct control
![close](/images/ico/eyes/close.png)
![open](/images/ico/eyes/open.png)
S.Korea's LS Materials set to boost earnings ahead of IPO process
![close](/images/ico/eyes/close.png)
![open](/images/ico/eyes/open.png)
Korean PE funds shrink in 2023 for first time in 7 years
![close](/images/ico/eyes/close.png)
![open](/images/ico/eyes/open.png)
Galaxy Ring, new foldables set to steal the show at Samsung Unpacked Paris
![close](/images/ico/eyes/close.png)
![open](/images/ico/eyes/open.png)
POSCO gears up for carbon-free steelmaking with hydrogen
![close](/images/ico/eyes/close.png)
![open](/images/ico/eyes/open.png)
![Korea Post names new CIOs of savings, insurance arms](https://www.kedglobal.com/data/ked/image/2021/02/09/ked202102090042.639x.9.jpg)
Korea Post has appointed new chief investments officers of both its savings and insurance units, in an internal reshuffle of senior managers at the end of last month.
The state-run institution named Song Kwan-ho as the savings unit's CIO to oversee 81 trillion won ($73 billion) in assets; and Park In-hwan as the insurance unit's CIO to manage 55 trillion won ($49 billion) in assets, according to Korea Post on Feb. 9.Both Song and Park have been working for the postal agency since they began their career in public service after passing higher civil service examinations.
![Park In-hwan, Korea Post's Insurance Bureau CIO](https://www.kedglobal.com/data/ked/image/2021/02/09/ked202102090044.131x.9.jpg)
Since late December, Park had served as acting CIO. He had built experience in traditional asset management and financial management at Korea Post. Previously, Park had headed the savings unit’s asset management team and the financial management division, before relocating to the insurance unit.
![Song Kwan-ho, Korea Post Savings Bureau CIO](https://www.kedglobal.com/data/ked/image/2021/02/09/ked202102090045.129x.9.jpg)
For the savings arm, new CIO Song replaced Shin Dae-sup who relocated to a regional office as chief. Armed with experience in risk management of investment, Song had led the postal service and international business divisions.
Korea Post has been raising exposure to alternative investments to 6.7% of its savings assets at 5.4 trillion won and to 10.1% of the insurance assets at 5.6 trillion won.
Last December, Korea Post picked Argo Infrastructure Partners and Stonepeak Infrastructure Partners to invest $200 million in overseas infrastructure assets.
Write to Jung-hwan Hwang at jung@hankyung.com
Yeonhee Kim edited this article.
-
Pension fundsNPS to cut global stocks under GP management, up its direct control
Jul 02, 2024 (Gmt+09:00)
-
Pension fundsKorea’s military fund taps ex-president of Woori Financial as CIO
Jun 28, 2024 (Gmt+09:00)
-
-
Pension fundsKorea's NPS CIO talks with GPIF, GIC execs on asset allocation
Jun 24, 2024 (Gmt+09:00)
-
Foreign exchangeKorea FX authorities, NPS raise currency swap limit to $50 bn
Jun 21, 2024 (Gmt+09:00)