A Survey on Critical Success Factor of OCIO Business in Korea

This paper reviews the history of OCIO (outsourced chief investment officer) and surveys the critical success factors of OCIO business in Korea. The market size of OCIO business in Korea has rapidly grown up, and the asset management for the retirement pension fund is expected to be the blue ocean f...

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Bibliographic Details
Published inSeonmul yeongu (Online) Vol. 28; no. 1; pp. 103 - 134
Main Authors Shin, Jung Cheol, Park, Rae Soo, Chung, Jay M.
Format Journal Article
LanguageEnglish
Published Bingley Emerald Group Publishing Limited 2020
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Summary:This paper reviews the history of OCIO (outsourced chief investment officer) and surveys the critical success factors of OCIO business in Korea. The market size of OCIO business in Korea has rapidly grown up, and the asset management for the retirement pension fund is expected to be the blue ocean for OCIO business. Survey study for OCIO business shows that the main interest of incumbent OCIOs and the potential candidates of Korea is the profitability, although OCIOs in the major foreign financial markets have their main interest in the risk management and/or the effectiveness of in-house supports. This result suggests that the potential OCIOs who prepare the entrance to the OCIO business should consider the needs and/or the purpose of the OCIO adopters and their practical constraints. OCIOs should develop their own unique professional field rather than the general expertise. Also, the Korean financial regulator is supposed to introduce the financial institutions specialized in OCIO business only.
ISSN:2713-6647
1229-988X
2713-6647
DOI:10.37270/JDQS.28.1.4