| The Korea Investment Corporation (KIC) is facing an inspection by the Board of Audit and Inspection over a planned investment in the Los Angeles Dodgers. The National Assembly Strategy and Finance Committee held a meeting, Tuesday, and approved a request for an audit of the KIC.
According to lawmakers, the country's sovereign fund is planning to invest $400 million to gain a 19 percent stake in the Major League Baseball (MLB) team from Guggenheim Partners, its largest shareholder. However, there has been concern that it might result in huge losses because the team has been in deficit for some few years. Analysts also point out that the KIC won't be participating on the board either even if it becomes a co-owner of the team according to the deal.........................................Full Article: Source
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