Choo Heung-Sik Named New CIO of Korea Investment Corp
The Korea Investment Corporation (KIC) has appointed Choo Heung-Sik as the new chief investment officer who replaces Lee Dong-ik. Choo was head of reserves management at the Bank of Korea. The Bank of Korea’s reserve management group manages around US$ 330 billion. In 2012, during his role at the Bank of Korea, Choo was keen on diversifying Korea’s foreign exchange reserves moving capital in a snail-like pace into Chinese debt and equities.
Choo started with the Bank of Korea in 1982 and had a brief stretch at the World Bank.
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