Private Credit Sector Expands in Korea With Entry of Hanwha Unit

Hanwha Asset Management is expanding into private credit, an asset class still in its early stages in South Korea but continues to attract some of the nation’s largest money managers.

The firm has created a dedicated credit group led by Boram Kim, who was recently hired as group head, he told Bloomberg News in an interview last week. With expertise in private credit and leveraged corporate debt, Kim will oversee the sourcing and investing of private debt deals for Hanwha.