Seoul (The Korea Herald) - When Lee Jae-kyun, chief operating officer of Macquarie Korea Infrastructure Fund Co., approached Korean institutional investors, their first reaction was quite encouraging: "Investing in roads and tunnels? Wow, that sounds very interesting," Lee recalls. MKIF is the first publicly traded investment vehicle of its type in Korea. In March this year, when the fund went public both in the Korea Exchange and the London Stock Exchange, the response of Korean investors, however, was as enthusiastic as that of offshore investors who now hold more than 40 percent of shares.

Still, many retail investors are unfamiliar with the concept of infrastructure fund. But Lee says the proliferation of the infrastructure funds should merit keen attention from local investors. The infrastructure is an indispensable resource for our everyday life.

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Posted by rjorr at August 7, 2006 8:36 AM