The Government Employees Pension Service (GEPS) building in Seogwipo, Jeju. Provided by the GEPS
One firm each selected for pure equity and dividend-focused mandates
The Government Employees Pension Service (GEPS) Headquarters in Seogwipo, Jeju. Provided by GEPS.
On the 27th, the Government Employees Pension Service (GEPS) announced that it has selected one asset management firm each for the pure equity type and the dividend-focused type as domestic equity investment managers.
Following the announcement of its manager selection plan last month, GEPS conducted a first-round quantitative evaluation and a second-round qualitative evaluation. As a result, it selected LIFE Asset Management for the pure equity mandate and Korea Investment Value Asset Management for the dividend-focused mandate. GEPS plans to allocate KRW 20 billion (approximately USD 15 million) to each of the selected firms for domestic equity investments.
The competition among asset managers was intense, with 24:1 competition for the pure equity type and 14:1 for the dividend-focused type during this selection process.
Currently, GEPS manages approximately KRW 8.9 trillion (about USD 6.4 billion) in medium- to long-term investment assets, of which around KRW 1.4 trillion is allocated to domestic equities. A GEPS official stated, “We selected managers with excellent long-term performance and risk-adjusted returns, and we expect the selected firms to contribute to the stable enhancement of returns for the GEPS fund.”
Reported by Kyungjin Min | min@hankyung.com
June 27, 2025 / Excerpted from Hankyung Korea Market
