Korea Investment Corporation
| Country: South Korea
Established: 2005 US$ Billion: 43 |
Origin: Non-commodity
Entity Structure: 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.
Strategies and Objectives:
The asset classes may include securities (including stocks and bonds defined under the KIC Act), foreign currencies, and derivatives, etc. The fund will also utilize external managers.
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
