Korea Investment Corporation

Republic of Korea US$ 72 Billion
Established: 2005
Transparency Rating: 9
View Sovereign Fund Transaction Data
View Asset Allocation
Related Articles
Origin: Non-Commodity
Firm Investment Style: Mixed
Entity Structure: Corporate
Population Est.: 50 million – 2012
Wealth Per Capita Est.: $1,440
Korea Investment Corporation

Summary
Korea Investment Corporation (KIC) is a government-owned investment management company, specializing in overseas investments.

Background
Enacted by the Korea Investment Corporation Act and created in July 2005. The Korea Investment Corporation is structured as a corporation and was initially created by receiving US $17 billion of foreign exchange reserves from the Bank of Korea with an additional US $3 billion from the foreign exchange stabilization fund from the Korean Ministry of Finance and Economy.

In June 2006, the Korea Investment Corporation signed an investment management agreement with the Bank of Korea. Later in October 2006, the KIC signed an investment management agreement with the Korean Ministry of Strategy and Finance. The following month, the KIC launched their global fixed income investment program.

In the Summer of 2009, the KIC moved into making alternative investments.

Strategy & Objectives

SWF Asset Allocation

Fixed Income Managers

Equity Managers

Real Asset Managers

Alternative Managers

Key Executives and People


Main Office
Korea Investment Corporation
17, 18F State Tower Namsan
100 Toegye-ro
Jung-gu
Seoul 100-052
Korea
Tel: +82-2-2179-1000
Fax: +82-2-2179-1065

Other Offices[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Governance
The Steering Committee is the highest decision-making body of Korea Investment Corporation. It is currently composed of nine members, including the committee chairman. Committee members include six professionals from the private sector, the Chief Executive Officer of KIC and the representatives of institutions that have entrusted assets exceeding one trillion won, namely the Minister of Strategy and Finance and the Governor of the Bank of Korea. Those six private sector members, who are nominated by the Civil Member Candidate Nomination Committee and appointed by the President of the Republic of Korea, serve two-year terms. The Chairman of the Steering Committee is elected from among the civil members.

Korea Investment Corporation Structure:


Source: Korea Investment Corporation

Some Sovereign Wealth Enterprises include:

1. Cowboy Investments – Cayman Islands based subsidiary – Owns 7% of Frac Tech

Major Direct Foreign Investments (Public)
[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Major Direct Foreign Investments (Private)
[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

View Financial Advisor League Tables

HOME   WEALTH FUND RANKINGS   CONTACT SOVEREIGN WEALTH FUND INSTITUTE