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Sovereign Wealth Funds Briefing - Categorized | Financials, Market

Russia, S. Korea to launch US$500 mln joint investment platform

Posted on 14 November 2013

A Russian investment corporation said Wednesday that it will launch a US$500 million “joint investment platform” with South Korea’s sovereign wealth fund in a move to facilitate trade and investment cooperation between the two countries.
The deal was reached between the Russian Direct Investment Fund (RDIF) and the Korea Investment Corporation (KIC). It was announced in time for the summit talks between South Korean President Park Geun-hye and Russian President Vladimir Putin in Seoul………………………………………..Full Article: Source


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