Korea's KFCCC criticises regulation of asset owners

The biggest challenge to how one of Korea’s biggest institutional investors manages its assets is how it is supervised. Jeung Jae-ho, CIO at the $30 billion Korea Federation of Community Credit Cooperatives (KFCCC), is calling for ministries and government auditors to take a more holistic, longer-term stance when evaluating fund managers’ performance. Speaking at AsianInvestor’s 7th annual Korea Institutional Investment Forum in Seoul, Jeung says team evaluation and audits focus o…