KIC Wants to Get Bigger
The Korea Investment Corporation (KIC) is keen on managing more assets to increase scale and efficiency. The KIC is under new leadership, as CEO Sung-Soo Eun took helm, and aims to scale from US$ 80 billion to US$ 200 billion in assets under management by 2020. The Asian wealth fund is looking to possibly manage domestic private institutional money to get to this size.
KIC also plans to hire an internal auditor and risk management officer to oversee operations.
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