OVERVIEW

 The role of SWF in an Era of Korean Unification
  • Date: June 26, 2014 (14:00 ~ 17:00)
  • Venue: National Assembly Building
  • Host: Asia Business Daily, PaxTV
  • Partner: Korea Investment Corporation, Unification Study Meeting of Saenuriparty

PROGRAM

2nd PROGRAM
TimeCategoryProgram
13:30 ~ 14:00RegistrationVIP Teatime
14:00 ~ 14:10Welcome RemarksSe-Jung Lee CEO, Asia Business Daily
14:10 ~ 14:30Welcoming RemarksHack-yong Kim Member of the NA
Sung-kull Yoo Member of the NA
14:30 ~ 14:45Break
14:45 ~ 15:15Keynote SpeeHeung-Sik Choo CIO, Korea Investment Corporation
15:15 ~ 16:45
(90ºÐ)
Presentation and
Panel Discussion
(Q&A)
1) Presentation:
¨ç SWF(Sovereign Wealth Fund) Trends Review (Ph.D. Massimiliano Castelli, UBS)
- Global trends in SWF investments and outlook
- Case study and implications (Infrastructure investment, etc.)
¨è German Unification & Foreign Investment (Wolfgang von Eckartsberg, Deutsche Bank)
- Case study: Unification of Germany ?Development finance and establishment of investment organizations of Eastern Germany, East-West Cooperation in Finance
2) Panel Discussion: Perspectives on on Korean Unification
(Ph.D. Massimiliano Castelli, UBS)
- Pros & Cons of SWF Investment
(Wolfgang von Eckartsberg, -Deutsche Bank)
- Favorable Climate of Foreign Investment ? Investment promotion and protection agreement, Government backed risk management system
(Mr. Eugene Sullivan, IFC)
- Financial Support and Investment Program of International financial organization
- Latest Investment case study of underdeveloped countries ? Lifting of Investment sanction of Myanmar and new investment environment
- Investment Opportunities in N.Korea area after unification
(Jay Huh, Head of AI, KIC)
- Co-investment Opportunities in N.Korea among SWFs (Infrastructure Investment, etc)
16:45 ~ 17:00Closing

SPEAKER

Keynote Speech
Heung Sik (HS) Choo
Heung Sik (HS) ChooCFA, Chief Investment Officer Korea Investment Cooperation
Heungsik (HS) Choo was appointed Chief Investment Officer as of March 10, 2014. Previously, HS Choo was the head of the Reserve Management Group of the Bank of Korea from November 2011 until February 2014, responsible for the overall reserve management covering front, middle and back offices. Also, as a Deputy Governor level officer of the Bank, HS was a member of executive meeting of the Bank. Prior to that, HS held various positions in the RMG including CRO and CIO.

During over 30-year career at the Bank, HS experienced the exponential growth in Korean foreign reserves from U$ 1 billion to over U$ 300 billion, and played a leading role in the evolution of the reserves management framework, from cash management to portfolio management, and recently to asset liability management framework. During 2008 and 2009, HS Choo was seconded to the World Bank and served as a lead financial officer of the RAMP engagement with Asian central banks and SWFs to strengthen their asset management capacity.

HS earned his B.A. in Economics from Yonsei University and M.A. in Economics from Michigan State University. HS is a CFA charterholder
SWF (Sovereign Wealth Fund) Trends Review
Massimiliano Castelli
Massimiliano CastelliHead of Strategy, Global Sovereign Markets, Managing Director
UBS Global Asset Management, UBS Years of financial industry experience: 13 Education: University of Rome (Italy), PhD; University of London (UK), MSc Max joined Global Sovereign Markets in April 2011. As Head of Strategy he analyzes the market trends affecting the investment behavior of central banks, sovereign wealth funds and other state-controlled investment institutions and work closely with the investment teams in providing investment advice and developing tailored investment solutions for this client segment Max established himself as a global thought leader on the macroeconomic, financial and political trends in sovereign wealth management. He has often been called in by leading institutions as an expert on global economic and financial matters. Max has recently published The New Economics of Sovereign Wealth Funds in the Wiley Finance Series, a book providing a thorough guide to sovereign wealth funds, covering the drivers of the industry, how it operates and grows, the interest from and in Western markets and the pivotal role that sovereign wealth funds play in the world economy In his fifteen year long international professional career, Max has been Head of Governmental Affairs for UBS in Europe, Middle East and Africa, Senior Economist for the Middle East region at UBS and consultant advising governments and corporates in emerging markets on behalf of international institutions Max holds a PhD in Economics from the University of Rome where he lectured and a Msc in Economics from the University of London.
German Unification & Foreign Investment
Wolfgang von Eckartsberg
Wolfgang von Eckartsberg Legal advisor
Actual professional status: retired from banking activities; member of supervisory board of a biotech-company (small-cap) and member of the foundation council of a pensions fund.
History ( 2006 ~ 1948) : 04 /2006 - 03 / 1996 Deutsche Bank AG, Berlin Branch Member of the Regional Board of Managing Directors (Responsibilities : corporate banking (¡°large caps¡±) and public sector ; corporate finance , real estate investment, trade & risk services, securities-trading, money - markets, foreign exchange, derivatives) 02 / 1996 - 07/ 1990 Deutsche Bank-Kreditbank AG and Deutsche Bank AG, Berlin Branch (Responsibilities:Head of corporate finance (proj. finance and leasing for corporates and public sector ) 07 / 1990 - 07 / 1988 Deutsche Bank AG, Madrid Branch Member of the Regional Board of Managing Directors 06 / 1988 - 07 / 1980 Deutsche Bank AG, Frankfurt am Main (HO)Corporate Finance (bond - issues and public offerings for clients from Latin-America and Iberian Peninsula); Head of Derivatives - Trading 06 / 1980 - 07 / 1978 Deutsche Bank AG, Duesseldorf Branch Traineeship 1978 Final State Examination (Law ) 1973 First State Examination ( Law ) 1968 School - leaving examination qualifying for university entrance 1968 - 1963 Living in Munich after emigration from Argentina 1963 - 1948 Living in Buenos Aires, Argentina Berlin, 10th of May 2014 - ÇöÀç IGV-GmbH ÀÌ»çȸ ÀÓ¿ø, Oskar Zahn-Stiftung ÀÌ»çȸ ÀÓ¿ø - EX- Member of the Regional Board of Managing Directors, Deutsche Bank AG, Berlin Branch
Perspectives on Korean Unification
Jea Y. HUH (JAY HUH)
Jea Y. HUH (JAY HUH)Managing Director, Head of Private Equity Investment Team
Mr. Huh is a managing Director of Korea Investment Corporation and the Head of Private Equity Investment Team. As one of the founding investment managers at KIC since 2005, he was responsible for managing global public and private investment portfolios. From June 2010 to June 2013, he was a Director at the Private Markets Group based in New York and responsible for sourcing, due diligence, execution, and monitoring of alternative investments in North and Latin American region.
Prior to joining KIC, he was a Portfolio Manager at Kyobo Life Insurance Co. in Seoul, Korea and was responsible for managing of global credit investment portfolios. He also previously worked for Lehman Brothers, Credit Research Team in Tokyo, Japan as an Associate and for Samsung Corporation in Seoul.
Mr. Huh was awarded a Master of Business Administration (MBA) in Finance from The Robert Emmett McDonough School of Business, Georgetown University in Washington, D.C. He also holds a Bachelor of Arts degree in Japanese and Economics from Hankuk University of Foreign Studies in Seoul, Korea.