Franklin Templeton is planning on opening an office in Jeonju, Korea during the first half of this year as it aims to cement its ties with National Pension Service (NPS) of Korea, which is headquartered there.
Jenny Johnson, president and chief executive officer of Franklin Templeton, and other Franklin Templeton executives visited Tae-hyun Kim, chairman and CEO of NPS, last Thursday in which the commitment was made.
The new office in Jeonju will be dedicated to supporting NPS by performing a liaison function for NPS-related work, including market research and analysis.
Franklin Templeton opened an office in Seoul in 1997, which currently comprises investment and sales teams, with a dedicated focus on servicing institutional clients.
Franklin Templeton has also had a joint venture, Templeton Hana Asset Management, with Hana Financial Group since 2006, as well as a strategic partnership with Woori Asset Management since 2021.
“As a key market for Franklin Templeton in the Asia Pacific region, Korea presents us with huge opportunities and we are extremely pleased to announce the opening of our contact office in Jeonju,” said Johnson.
“Franklin Templeton’s Jeonju office will not just strengthen their lines of communication and collaboration with NPS but will also play an important role in the overall development of the local financial services sector and the wider community in Jeollabuk-do province,” said Kim.
