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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment, Market

KIC eyes more joint deals with sovereign funds

Posted on 09 September 2010

From Reuters: South Korea plans to inject more than $5 billion into Korean Investment Corp (KIC) next year as the soverign wealth fund looks to extend overseas partnerships and boost investments, a government official said.
The $35 billion Korean fund, set up in 2005 to help manage assets entrusted by the government and the Bank of Korea, is one of the world’s smallest state wealth funds. In comparison, China Investment Corp (CIC) has some $300 billion in assets……………………………………….Full Article: Source


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