KB Asset Management benefits from Kospi declines
For Korean asset managers, good times depend on poor stock market performance, reflects KB Asset Management's chief executive Cho Jaemin.
"We had a good 2011, especially in the second half, thanks to the market downturn," says Cho Jaemin, CEO at the W26 trillion ($23 billion) KB Asset Management, one of the leading managers of Korean equity funds in AUM terms.
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