Fund managers in South Korea tend to focus on short-term goals because most of them don’t stay in their jobs long enough to project for the long term, according to a survey by Zeroin, a Korean rating firm. The study of firms registered with the Asset Management Association of Korea found that the average Korean fund manager stayed in the job for 2.5 years, while 28.2% of the total leave within one year and 46% move on within two years. The turnover rate, say industry watchers, is creating excessive turnover, which, for example, in the past year was 1800% at Hyundai Wise Asset Management’s Value Finder Stock Type Fund, the Korea Times reports. Such turnover, say industry professionals, is bad news for investors, who are encouraged to look at the long term. In addition, for the ongoing search for greener pastures, fund managers may leave when a new management team comes in and is eager to hire managers who share their values.