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Sovereign Wealth Funds Briefing - Categorized | People

KIC chief to reform sovereign wealth fund

Posted on 18 December 2013

The new CEO of the state-run Korea Investment Corp. (KIC) said he will carry out reformative measures so that the state entity will be more faithful to its original mission as the manager of sovereign funds.
“The first task is to raise investment returns, which is now around 3.5 percent,” CEO Ahn Hong-chul said in a phone interview with The Korea Times. “It is not low, but it is not high either. I will make KIC one of the best sovereign funds in the world.”……………………………………….Full Article: Source


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