DGB Financial Group, a South Korean financial services conglomerate, announced the inauguration of Hi Asset Management Asia (HiAMA) in Singapore, marking its first foray into overseas asset management. The unveiling ceremony saw participation from DGB Chairman Kim Tae-oh, Korean Ambassador Hong Jin-wook, and executives from Morgan Stanley, Goldman Sachs, and Keppel Group. Led by CEO Choi Young-wook, a seasoned hedge fund manager, HiAMA is set to launch its first Asian fund on Friday. The firm aims to expand its services into mergers and acquisitions and loan fund programmes, leveraging its network in Korea and globally. This strategic move positions HiAMA as a key player in Singapore, aiming to become a global financial hub’s headquarters.