Korea Investment Corporation
From Taighde
| Korea Investment Corporation | |
|---|---|
| |
| Country: | South Korea
|
| CEO: | Chin Young-wook
|
| Based in: | Seoul
|
| Inception: | July 2005
|
| Origin: | Non-commodity
|
| Assets: | $31.1 billion
|
| Number of Employees: | 64
|
| Website: | http://www.kic.go.kr/en/
|
| Reports | Sovereign Wealth Funds Contact and Information Report |
Korea Investment Corporation was established in July 2005. It has around $31.1 billion under management. This is expected to increase by $10 billion during the course of 2008. The government has agreed that the KIC should control $200 billion by 2015. It has invested in mostly foreign currency-denominated bonds and stocks; however, over the course of the last year they have invested heavily in equities and other non-bond assets such as property. The KIC is currently banned from making investments in local Korean companies.
In a surprised move in January 2008, the KIC took a 3% stake in Merrill Lynch
Assets
The KIC has $31.1 billion. According to a press account, the Korean government will give the KIC an additional $5 billion to $7 billion in 2010.
Senior leadership
Chin Young-wook - Scott Kalb - Serck-Joo Hong
Office
Korean Investment Corporation
15F Seoul Finance Center
Taepyeongro 19(Mugyo-dong), Jung-gu Seoul
100-768, Korea
Main Phone +82-2-2179-1000
Main Fax: 82-2-2179-1065
