Tong Yang AM eyes Asia expansion

Paik Chang-ki, CEO at Tong Yang Asset Management in Seoul, says the firm is growing its relationships with investors throughout Asia. The Korean asset-management industry today has reached about W300 trillion ($267 billion), of which 80% consists of domestic investments and 20% overseas investments. “But the overseas portion will grow faster,” Paik says. This is leading Tong Yang AM to extend its business overseas. This can mean both launching products for Korean investors, as w…