Like Some Other Sovereign Wealth Funds, KIC Struggles in Performance in 2022

Posted on 10/19/2022

In a parliamentary audit, it was revealed that the Korea Investment Corporation (KIC) posted US$ $28.4 billion in losses in the first eight months of this year. Much of the negative performance is attributed to declines in both stock and bond markets. KIC can only invest internationally. Furthermore, the quick depreciation of the South Korean…

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