| 22.10.2008 - KIC blamed for huge investment loss |
| From Koreatimes.co.kr: Lawmakers battered the Korea Investment Corporation (KIC) for its huge investment losses at a National Assembly audit, Tuesday. One of them said KIC has no reason to exist as trade account turned into a deficit. Rep. Kim Hyo-seuk of the main opposition Democratic Party (DP) criticized KIC which lost 850 billion won in its investment in Merrill Lynch. ``It recorded 32.5 percent investment loss in nine months,'' the lawmaker added..... Full Article: Source |