Carlyle Asia Partners Strengthens Korea Private Equity Team with Appointments of Icksoo Jung as Head of Korea and John Kim as Chairman of Korea

Leadership Appointments Deepen Carlyle's Local Presence and Underscore Its Commitment to Investing in Korea's Growing Private Equity Market

Seoul, South Korea - April 16, 2026 - Global investment firm Carlyle (NASDAQ: CG) has appointed private equity industry veteran Icksoo Jung as Managing Director and Head of Korea for Carlyle Asia Partners ("CAP"), its Asia buyout platform. Carlyle also named John Kim as Chairman of Korea for CAP. The leadership appointments reflect Carlyle's commitment to deepening its presence and expanding its private equity investment activity in Korea, a key market for the firm in Asia.

Mr. Jung joins Carlyle with over 20 years of private equity dealmaking and investment banking experience across Asia, including Korea, China and Southeast Asia. Most recently, he served as a Partner at Affinity Equity Partners in Korea, where he led a number of high-profile investments across the financial services, e-commerce, fintech and automotive sectors for 15 years. Prior to that, he held roles in Asia buyout at TPG Capital in Hong Kong and investment banking at Citigroup in New York. Based in Seoul, Mr. Jung will lead the team in sourcing and driving new buyout investment opportunities for Carlyle in Korea.

In his new role as Chairman of Korea for CAP, Mr. Kim will focus on senior-level relationship development, while continuing to help oversee the firm's existing portfolio companies in Korea.

X.D. Yang, Chairman of Carlyle Asia, said, "We are delighted to welcome Icksoo as Head of Korea for our Asia buyout platform. We believe his deep local market expertise and proven track record make him exceptionally well-placed to lead our Korea buyout activities, as we continue to pursue control buyout opportunities and look to support our Korean companies in creating value and achieving their long-term growth ambitions.

"We are also pleased to appoint John as Chairman of Korea for Carlyle Asia Partners. Since joining Carlyle in 2019, he has played an instrumental role on our Korea team and with our portfolio companies.

"Korea is an important market, underpinned by economic dynamism and proactive government policies that are helping to drive improvements in corporate governance and shareholder value. We also believe that evolving generational attitudes toward corporate ownership and succession planning will continue to broaden the range of private equity investment opportunities in the market. We are confident that the leadership appointments will further strengthen our team and platform as we reaffirm our commitment to Korea for years to come," he added.

Carlyle is a leading global investment firm that has a long-standing presence in Korea, having invested more than US$4 billion in the market over the past two decades. Notable investments in Korea include ADT Caps, KB Financial Group, Kakao Mobility, A Twosome Place, Hyundai Glovis and KFC Korea.

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About Carlyle

Carlyle (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across three business segments: Global Private Equity, Global Credit, and Carlyle AlpInvest. With $477 billion of assets under management as of December 31, 2025, Carlyle's purpose is to invest wisely and create value on behalf of its investors, portfolio companies, and the communities in which we live and invest. Carlyle employs more than 2,500 people in 27 offices across four continents. Further information is available at carlyle.com. Follow Carlyle on X @OneCarlyle and LinkedIn at The Carlyle Group.

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