- 2019 - presentCEO, KIVAM
- 2006 - 2019CIO, KIVAM
- 2004 - 2006Head
of Equity Prop. Trading, Korea Investment & Securities
- 2002 - 2004Director,
Dong-Won Asset Management
- 2000 - 2003Head
of Equity Prop. Trading, Dong–Won Securities
- 1996 - 2000Portfolio
Manager, Dong-Won Asset Management
- 1989 - 1996Offshore Equity Manager, Dong-Won Securities
- 2014Chung–Ang
University
- (M.B.A. Graduate School of International Management)
- 1989Chung–Ang
University (B.A. in Business Administration)
Thank you for choosing us as your value investor.
Holding on to the basic principle of value investing, we put
priority on seeking long-term returns as well as keeping initial
capital safe, and to that end, we strictly define the scope of our
investment to pick truly valuable targets. We select companies
possessing both strong fundamentals and valuation merit, and buy
those undervalued stocks in order to minimize losses. To estimate
a company's intrinsic value, we analyze its P/E ratio, P/B ratio,
dividend and business model in depth. We prefer stocks that have
been undervalued not because of their weak fundamentals but
because of market ignorance or distortion. We buy those
undervalued stocks and wait for a long time to see their
fundamental value fully reflected in prices. For this reason,
value investing inevitably requires a long-term investment
horizon.
While recognizing that value investing is not the only
way that leads us to successful investment, we would like to
emphasize that value investing works better than other investment
techniques in relieving investors from the stress of undergoing
frequent ups and downs in investment returns and in delivering
stable returns over the long run. If you are seeking stable
long-term performance, or if you want to prepare for your
children's future, we recommend taking our value investing
approach from a long-term perspective. We would be happy to
utilize our accumulated knowhow to satisfy your needs.
Sincerely,
Lee, Chai Won
Chief Executive Officer
Korea Investment Value Asset Management