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 Monthly
report
1.Report
KorChor 1.1 : Statement of employees' and employer's
benefits
This
report indicates details of income, expenses, profit/loss from investment,
employees' and employer's contributions, an amount paid to terminated
members and an increase/decrease in the part
of employees' and employers' benefits. All data are presented
in form of monthly balance and accumulated amount from the beginning
of the year to the reported month. Therefore, the fund committee
can track the sources of the fund's income and the fund's
expense, net income from investment as well as changes in employees' and
employers' benefits.
2.Report
KorChor 1.2 : Details of the fund's assets
This
report shows assets and their NAV in which a fund invests at a period
of time whereby the assets are classified by level of risk. As a
result, the fund committee sees the details of assets such
as types of assets, issuers, asset value and
market price of such assets as of the reporting date.
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Annual
report
1.Report Korchor 2.1
: Balance sheet
This
report shows the details of assets and liabilities as well as employer's and
employees' contributions and benefits as of the end of the present
accounting period compared with the end of the previous one.
2.Report
Korchor 2.2 : Profit and loss account
This
report shows income, expenses and profit/loss classified
by types of investment for the present accounting period compared
with the previous one.
3.Report
Korchor 2.3 : Statement of investment portfolio
This
report is similar to the report KorChor 1.2 but shows fair value
of the fund's assets excluding accrued interest.
4.Report
Korchor 2.4 : Statement of changes in net asset
This
report shows an increase/decrease in income from investment, an
increase in employees' and employer's contributions and their benefits
as well as a decrease in asset value due to benefits paid to employees
upon memberhip termination.
5.Report
KorChor 2.5 : Cash flow statement
This
report shows an increase/decrease in cash flows from operation and
capital fund attainment for the present accounting period compared
with the previous one.
6.Report
KorChor 2.6 : Major financial data
This
report shows sources of an increase/decrease in NAV of fund, ratios
of various figures to average NAV, returns from investment for the
present accounting period compared with the five previous ones.
Furthermore,
the SEC precribes a regulation which requires management companies to make
summary reports regarding investments in bonds,
deposits or hybrid financial instruments and ratios of such investments to NAV of
fund. The report is disclosed to fund committee on a monthly basis and yearly basis
so that the fund committee obtain information about risk of the
fund's investment in debt instruments.
Finally,
the
fund committee should also monitor the performance of the fund thoroughly
and continuously. This will enable the fund committee to efficiently
examine and monitor the fund performance managed by a management
company. In addition, the fund committee should disseminate these
reports to members. In case where the fund committee is unclear
of any information, they should contact their management company
for accurate understanding and to answer the member questions clearly.
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