Korea Investment Corporation

koreainvestmentcorp Korea Investment Corporation

South Korea US$ 43 Billion
Established: 2005
Transparency Rating: 9		 Origin: Non-Commodity
Firm Investment Style: Mixed
Entity Structure: Corporate

 

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:

kicimage 300x191 Korea Investment Corporation

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 site content.]

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

View Financial Advisor League Tables