| The Korea Investment Corporation (KIC) has come under criticism due to its extravagant spending despite its worsening performance. In an annual National Assembly inspection of the country's sovereign wealth fund on Oct. 2, KIC Chairman and CEO Ahn Hong-chul was questioned about the fund's expenditures for his business trips and declining investment gains.
Ahn spent a total of 250 million won ($213,000) for 32 business trips from January 2014 to August of this year. He received 408 million won in annual salary last year, topping his fellow CEOs at 310 other public organizations, according to representatives from both the ruling Saenuri Party and the main opposition New Politics Alliance for Democracy (NPAD)...............................................Full Article: Source
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