Title Page
Global Reach
Contents
Message From the CEO / Sung-Soo Eun 6
Vision & Philosophy 8
Vision, Mission, Main Functions 9
Management & Investment Philosophy 10
Investment Status & Risk Management 12
Investment Highlights 13
Investment Policy and Process 16
Traditional Investments 19
Alternative Investments 23
Securities Lending 25
Risk Management 26
Internal Control 28
Organization & Management 30
Corporate Governance 31
Transparency 32
Steering Committee 33
Executive Management 35
Organization 37
Global Network 38
Talent Development 43
Community Service 45
Financial Statements 47
Independent Auditors' Report 48
Statements of Financial Positions 49
Statements of Income 50
Statements of Changes in Equity 51
Statements of Cash Flows 52
Notes to the Financial Statements 54
1. Reporting Entity 54
2. Basis of Preparation 54
3. Significant Accounting Policies 54
4. Cash and Due From Banks 57
5. Financial Assets at Fair Value Through Profit or Loss Included in Securities Account 57
6. Held-to-Maturity Securities Included in Securities Account 57
7. Investments in Associates and Subsidiaries Included in Securities Account 58
8. Property and Equipment 59
9. Insured Assets 59
10. Intangible Assets 59
11. Retirement and Severance Benefits 60
12. Assets and Liabilities Denominated in Foreign Currencies 60
13. Commitments and Contingencies 61
14. Capital 61
15. Retained Earnings 61
16. Income Taxes 62
17. Related Party Transactions 63
18. General and Administrative Expenses 64
19. Value Added Information 65
20. Correction of error 65
21. Date of Authorization for Issue 65
Contact Information 66