Original Article by Korean Newspaper ‘Money Today’, 26th Jan. 2023 https://news.mt.co.kr/mtview.php?no=2023012516371334879

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Doomoolmori (CEO Chun Yung Nok) will establish a Singapore corporation on the 26th and target the Singapore asset management market using a platform dedicated to direct indexing.

An authority of Doomoolmori said, "In particular, we expect to be able to provide customized portfolio solutions for family offices and PB centers."

Doomoolmori is the first company in Korea to launch a direct indexing investment service in 2022. According to the company, Singapore is the most technologically advanced market in Asia regarding direct indexing. The company explains that it expects Doomoolmori to launch its first direct indexing service in Singapore.

According to Doomoolmori, the direct indexing sector is growing rapidly in the U.S. Wall Street operating and asset management markets. Recently, large financial institutions in Korea have selected direct indexing as a new growth engine and are preparing related services.

"The demand for personalized customized portfolios is a pan-Asian trend, but in Asia, including Korea, we have experienced technical limitations in designing advanced customized portfolios," said Chun Yung Nok, the CEO of Doomoolmori. "We have also signed an agreement with London Stock Exchange Group (LSEG) FTSE Russell, a global index company, for direct indexing business," he said.

Meanwhile, Doomoolmori was also selected as a global accelerator 'F10' as a company that fosters K-startup centers.