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Sovereign Wealth Funds Briefing - Categorized | Investment

S Korea invests additional $3 bln in sovereign wealth fund

Posted on 16 July 2009

From Xinhua: South Korea injected 3 billion U.S. dollar more in its sovereign wealth fund amid its new plan to expand targets on profit seeking, the chief of the fund said Wednesday.

According to Chin Young-wook, chief of Korea Investment Corp. (KIC), his company now holds 27.8 billion U.S. dollars under its management, awaiting an additional investment of 2 billion U.S. dollars in the second half of 2009……..Full Article: Source


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