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Sovereign Wealth Funds Briefing - Categorized | Financials, Performance

KIC suffers paper loss of nearly 1 tln won this year

Posted on 17 October 2016

Korea Investment Corp. (KIC), South Korea’s sovereign wealth fund, suffered a paper loss of nearly 1 trillion won (US$883 million) in its overseas stock investments in the first eight months of this year, an opposition lawmaker said Friday.
The KIC had minus 2 percent in its return in its direct investments in overseas stocks in the January-August period, compared with a 0.53 percent gain in the full year 2015, Kim Jong-min, a lawmaker of the main opposition Minjoo Party, said in a report for an annual parliamentary audit of the government……………………………………..Full Article: Source


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