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Press Release

PGIM opens office in Jeonju, South Korea PGIMopensofficeinJeonju,SouthKorea

By PGIM Global Communications — May 13, 2025

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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.

Media Contact

Alvena So

+852 9013 6930

alvena.so@pgim.com

Media Contact

HeShuang Wang

+65 6739 7212

heshuang.wang@pgim.com

Jacques Chappuis
"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."
Jacques ChappuisPresident and Chief Executive OfficerPGIM

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.”

From left: Jun Sang Ahn, Head of Real Estate Division at NPS; Kim Tae-hyun, Chairman and CEO at NPS; Raimondo Amabile, Co-CEO and CIO at PGIM Real Estate; David Fassbender, Deputy Head of Asia Pacific at PGIM Real Estate

“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. 

  • By PGIM Global Communications

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For Professional Investors only.* All investments involve risk, including the possible loss of capital.

This material is for informational and educational purposes only and should not be construed as investment advice or an offer or solicitation in respect of any products or services to any persons who are prohibited from receiving such information under the laws applicable to their place of citizenship, domicile or residence. PGIM is the principal asset management business of Prudential Financial, Inc. and a trading name of PGIM, Inc. and its global subsidiaries. PGIM, Inc. is a registered investment adviser with the U.S. Securities and Exchange Commission (“SEC”). Registration with the SEC does not imply a certain level of skill or training.

The information on this website is not intended as investment advice and is not a recommendation about managing or investing your retirement savings. In making the information available on this website, PGIM, Inc. and its affiliates are not acting as your fiduciary.    

In the United Kingdom, this website may be issued by PGIM Private Alternatives (UK) Limited or PGIM Private Capital Limited.  In the European Economic Area (“EEA”), this website may be issued by PGIM Private Capital (Ireland) Limited or PGIM Luxembourg S.A. or PGIM Real Estate Germany AG.

PGIM, Inc. has its headquarters at 655 Broad Street, Newark, NJ 07102. PGIM Private Capital (Ireland) Limited has its registered office at IDA Business Park, Letterkenny, Co. Donegal, F92 FP83, Ireland. PGIM Private Capital (Ireland) Limited is authorised and regulated by the Central Bank of Ireland and registered in Ireland under company number 635793 operating on the basis of a European passport. PGIM Limited and PGIM Private Alternatives (UK) Limited have their registered offices at Grand Buildings, 1-3 Strand, Trafalgar Square, London WC2N 5HR. PGIM Limited is authorised and regulated by the Financial Conduct Authority (“FCA”) of the United Kingdom (Firm Reference Number: 193418). PGIM Private Alternatives (UK) Limited is authorised and regulated by the FCA of the United Kingdom (Firm Reference Number: 181389). PGIM Private Capital Limited has its registered address at 1 London Bridge, London SE1 9BG and is authorised and regulated by the FCA of the United Kingdom (Firm Reference Number: 172071). PGIM Luxembourg S.A., Netherlands Branch is registered with the Netherlands Chamber of Commerce under number 85998877 and has its local offices at Gustav Mahlerlaan 1212, 1088LA Amsterdam, The Netherlands. PGIM Luxembourg S.A. has its registered address at 2 Boulevard de la Foire, L-1528 Luxembourg and is authorised and regulated by the Commission de Surveillance du Secteur Financier (“CSSF”) in Luxembourg (registration number A00001218). PGIM Real Estate Germany AG has its registered address at Wittelsbacher Platz 1, 80333 Munchen, Germany and is authorised and regulated by Bundesanstalt für Finanzdienstleistungsaufsicht (“BaFin”) in Germany (registration number 10138142).

In Japan, information is provided by PGIM Japan Co., Ltd. (“PGIM Japan”) and/or PGIM Real Estate (Japan) Ltd. (“PGIMREJ”).  PGIM Japan, a registered Financial Instruments Business Operator with the Financial Services Agency of Japan offers various investment management services in Japan.  PGIMREJ is a Japanese real estate asset manager that is registered with the Kanto Local Finance Bureau of Japan.

In Hong Kong, information is provided by PGIM (Hong Kong) Limited, a regulated entity with the Securities & Futures Commission in Hong Kong to professional investors as defined in Section 1 of Part 1 of Schedule 1 of the Securities and Futures Ordinance (Cap. 571). In Singapore, information is issued by PGIM (Singapore) Pte. Ltd. (“PGIM Singapore”), a regulated entity with the Monetary Authority of Singapore under a Capital Markets Services License to conduct fund management and an exempt financial adviser. This material is issued by PGIM Singapore for the general information of “institutional investors” pursuant to Section 304 of the Securities and Futures Act 2001 of Singapore (the “SFA”) and “accredited investors” and other relevant persons in accordance with the conditions specified in Section 305 of the SFA. In South Korea, information is issued by PGIM, Inc., which is licensed to provide discretionary investment management services directly to South Korean qualified institutional investors on a cross-border basis.   

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. 

*PGIM.com/Podcasts and its content is intended for informational or educational purposes only and is not directed exclusively to Professional Investors. 

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