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Discretionary Investment Registration Expands the Mandate for Entrusted Assets
DBI Asset Management completed registration for discretionary investment business. Adding the mandate to manage assets entrusted by clients broadened advice from individual products to the client's assets as a whole. The firm said it does not solicit individual investors and explains discretionary agreements only through registered channels. It also reaffirmed that it will manage for the long term through an explainable process rather than leading with short-term returns.
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Capital Increased to KRW 2.2 Billion, Strengthening the Operating Base
DBI Asset Management said a capital increase brought its capital to KRW 2.2 billion. After raising it to KRW 2.0 billion in 2024, this increase reinforced the capital base required for operations. The firm said the added capital will be used to run institutional and general private equity funds and discretionary mandates on a stable footing. Its head office is at 601, Miwon Building, 70 Gukjegeumyung-ro, Yeongdeungpo-gu, Seoul.
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Foreign Exchange Registration Opens the Door to Overseas Investment
DBI Asset Management completed registration for foreign exchange business. In addition to domestic private funds, it can now review overseas assets and consider the currencies and regions of client portfolios. The firm said it will conduct foreign exchange business only within the scope of its registration and explain, as part of the management process, how exchange-rate moves affect the portfolio.
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DB Investment Partners Takes Its First Step at Miwon Building in Yeouido
On June 2, 2023, DB Investment Partners was established and DBI Asset Management began. It set up its head office at 601, Miwon Building, 70 Gukjegeumyung-ro, Yeongdeungpo-gu, Seoul, and prepared private-fund services for institutional investors. After registering that year as a managing member of institutional private equity funds, it has continued client-facing management in the Yeouido financial district.