SEOUL, South Korea, May 13, 2025 – PGIM, the US$1.39 trillion1 global investment management business of Prudential Financial, Inc., has opened a new office in Jeonju. The strategic move reinforces PGIM’s long-term partnership with National Pension Service (NPS) in South Korea, the world’s third-largest pension fund with over US$800 billion2 in assets under management.
PGIM has a long-standing partnership with NPS across private and public asset classes, with a track record managing its global investment mandates for nearly 15 years through PGIM Real Estate and PGIM Fixed Income.
The new liaison office will enable PGIM to strengthen and deepen its collaboration with Jeonju-headquartered NPS, deliver more strategic support catering to its global investment strategies, and contribute to the development of Jeonju as a financial center in South Korea.
Jacques Chappuis, president and CEO for PGIM, commented, “As PGIM continues to grow its business across the Asia Pacific region, client needs remain central to its strategy. The launch of the Jeonju office underscores our long-term commitment to be a trusted strategic partner to NPS, as we continue to deliver a diverse suite of best-in-class public and private market strategies to meet its long-term investment goals. It’s an honour for PGIM to play a role in supporting the growth of Jeonju’s financial services industry.”
“PGIM has been a long-term investment partner to NPS, with global depth and scale across traditional and alternative asset classes,” said Kim Tae-hyun, chairman and CEO at NPS. “We look forward to partnering more closely with PGIM and together further contributing to the growth of the financial services sector in Jeonju in the years to come.”
PGIM opened its first Korean representative office in Seoul in 2011.3 The new Jeonju representative office complements its existing presence to strengthen PGIM’s cooperation with NPS and facilitate investors’ offshore investments across diversified asset classes.
ABOUT PGIM
PGIM is the global asset management business of Prudential Financial, Inc. (NYSE: PRU). In 41 offices across 19 countries, our more than 1,450 investment professionals serve both retail and institutional clients around the world.
As a leading global asset manager with $1.39 trillion in assets under management,1 PGIM is built on a foundation of strength, stability, and disciplined risk management. Our multi-affiliate model allows us to deliver specialized expertise across key asset classes with a focused investment approach. This gives our clients a diversified suite of investment strategies and solutions with global depth and scale across public and private asset classes, including fixed income, equities, real estate, private credit, and other alternatives. For more information visit pgim.com.
Prudential Financial, Inc. (PFI) of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom, or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom. For more information please visit news.prudential.com.
1 As of Mar. 31, 2025.
2 NPS, as of Dec. 31, 2024.
3 In South Korea, PGIM, Inc. is licensed to provide discretionary investment management services directly to South Korean qualified institutional investors from outside the country.
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