Macquarie Korea Infrastructure Fund (MKIF) is one of the leading private sector infrastructure funds in Korea with the largest portfolio of infrastructure assets in Korea that have been constructed under the Act on Public Private Partnerships in Infrastructure (“PPI Act”).
MKIF was established in December 2002 with a mandate to invest in entities that construct or operate infrastructure businesses such as toll roads, bridges and tunnels in Korea. MKIF invests in these infrastructure businesses through equity and debt. MKIF is focused on generating profits from its investments and distributing these profits to its shareholders.
MKIF seeks to satisfy the risk appetite of long-term investors such as pension funds and life insurers, as well as individual investors expecting regular dividend incomes. MKIF is listed on the Korea Exchange and its outstanding shares are publicly traded through securities broker companies.
MKIF operates under the legal and regulatory framework established by the Financial Investment Service and Capital Market Act (FSCMA), and the PPI Act. MKIF is required by the FSCMA to appoint an asset manager, a custodian, an administrator and a sales agent.
MKIF has appointed Korea Securities Finance Corp. as its Custodian, Hana Investors Services as its Administrator, Shinhan Investment Corp., Samsung Securities Co., Ltd., Hanwha Investment & Securities Co., Ltd., Kyobo Securities Co., Ltd., Yuanta Securities Korea Co., Ltd., and NH Investment & Securities Co., Ltd. as its Sales Agents.
MKIF is managed by Macquarie Korea Asset Management Company Limited (MKAM). MKAM performs its obligations as manager pursuant to management agreement with MKIF. MKAM is licensed to provide asset management services to MKIF under the supervision of the Financial Services Commission (the financial regulatory body of Korea).