Description

Operating as a closed-end investment vehicle, the KIM Parallel Oilfield Overseas Resources Development Special Asset Fund 1 obtains its capital by financing companies engaged in resource extraction abroad. Its profitability is directly tied to the volatility of international crude oil and natural gas prices, along with foreign exchange rates. Korea Investment Trust Management Co. oversees the fund's assets, while the Industrial Bank of Korea functions as its custodian. Its distribution network includes sales agencies such as Samsung Securities Co., Ltd., Woori Investment & Securities Co., Ltd., and Hanwha Investment & Securities Co., Ltd. The fund maintains its main office in Seoul, South Korea.