Bank of Korea to Entrust 3 Billion to the Korea Investment Corporation
Posted on 12/15/2010
The Bank of Korea will entrust $3 billion from foreign exchange reserves for the Korea Investment Corporation (KIC) to manage. They plan to sign a contract with the KIC soon. The entrusted funds will be classified as part of Korea’s foreign exchange reserves. One of the main reasons why the Bank of Korea is entrusting […]