The road king of Asia

Korea''s first infrastructure fund has been launched by Shinhan Macquarie. It could prove a boost to the bond market.

In Korea they have a saying, 'Plali, plali', says John Walker, which means quickly, quickly. It is one of the reasons he and Macquarie are so keen on Korea.

Shinhan Macquarie Financial Advisory, a joint venture between the Korean bank and the Australian investment bank, has been in operation for just over a year, and by December 28, 2002 had already launched Korea's first infrastructure fund.

Walker, who is CEO of the JV, is very bullish on the infrastructure sector in Korea, in particular, toll roads. He notes that Macquarie is involved in 22 countries and Korea is our most exciting market. The government will spend $150 billion over...

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