| Heungsik Choo, the chief investment officer (CIO) of Korea’s sovereign wealth fund (SWF), Korea Investment Corporation (KIC), and two other executive management members have decided to step down. Choo joined the KIC as CIO in 2014. Prior to that, he was the head of the reserve management group at the Bank of Korea (BOK) from November 2011 to February 2014.
Young Kim, the SWF’s chief operating officer (COO), and Taeg Ki Hong, its chief risk and compliance officer, expressed their intention to resign from their positions on February 19, 2016. Kim joined the KIC as the head of the corporate planning and affairs group in 2007 and was promoted to COO in 2011..............................................Full Article: Source
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