Korea Investment Corporation

Korea Investment Corporation

Republic of Korea US$ 56.6 Billion
Established: 2005
Transparency Rating: 9
View Sovereign Fund Transaction Data
View Asset Allocation		 Origin: Non-Commodity
Firm Investment Style: Mixed
Entity Structure: Corporate
Population Est.: 50 million – 2012
Wealth Per Capita Est.: $1,132
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.

 Strategy & 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.

Governance
The Steering Committee is the highest decision-making body of KIC. It is currently composed of nine members, including the committee chairman. Committee members include six professionals from the private sector, the CEO 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)
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Major Direct Foreign Investments (Private)
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