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Sovereign Wealth Funds Briefing - Categorized | Investment

Will KIC be enabled to invest locally?

Posted on 26 January 2010

From Koreatimes.co.kr: The Korea Investment Corporation (KIC) may soon be allowed to buy domestic assets as the government is seeking to lift a ban that prohibits the sovereign wealth fund from making local investments.

The latest move is part of the government’s bigger plan to boost the efficiency and profitability of KIC, which is still dealing with the ripple effects of suffering huge losses from investing in Merrill Lynch in 2008………………….Full Article: Source

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