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Korea Investment Corporation

Definition

Korea Investment Corporation was established in 2005 to preserve and enhance the long-term purchasing power of South Korea's sovereign wealth through efficient management of public funds in the international financial markets. KIC manages assets entrusted by the Government, the Bank of Korea, and other public funds as defined under the National Finance Act. KIC directly invests the entrusted assets or re-entrusts the assets to external managers. KIC's Total assets under management stood at US$91.8 billion at the end of 4th quarter 2015.

Korea Investment Corporation

What is 'Korea Investment Corporation'

The Korea Investment Corporation (KIC) is a government-owned investment organization that manages the sovereign wealth fund for the Government of South Korea. The KIC was established by law in 2005. The KIC received initial deposits of $17 billion from the Bank of Korea and $3 billion from the Korean Ministry of Strategy and Finance. The KIC has approximately USD$29.6 billion in assets under management as of the end of 2009.

Explaining 'Korea Investment Corporation'

The KIC is restricted to investing only in assets which fall under the guidelines provided by the Korea Investment Corporation Act. The KIC's objectives are to enhance Korea's sovereign wealth and to contribute to the development of the Korean financial industry. The KIC is governed by a steering committee consisting of nine members plus the chairman.


Further Reading

Korea investment corporation: its origin and evolutionKorea investment corporation: its origin and evolution
www.tandfonline.com [PDF]
… in more FX swap transactions between foreign banks' Seoul branches and Korean domestic banks … second Chair, Yoon-Dae Euh, was a former president of Korea University, from … As of December 2010, KIC has three divisions (Investment Management, Corporate Management …

Korea investment corporation: its origin and evolutionKorea investment corporation: its origin and evolution
papers.ssrn.com [PDF]
… in more FX swap transactions between foreign banks' Seoul branches and Korean domestic banks … second Chair, Yoon-Dae Euh, was a former president of Korea University, from … As of December 2010, KIC has three divisions (Investment Management, Corporate Management …

Does 'Political Bias' Undermine the Korea Investment Corporation?Does 'Political Bias' Undermine the Korea Investment Corporation?
link.springer.com [PDF]
… in more FX swap transactions between foreign banks' Seoul branches and Korean domestic banks … second Chair, Yoon-Dae Euh, was a former president of Korea University, from … As of December 2010, KIC has three divisions (Investment Management, Corporate Management …

Aiming to Increase Sovereign Wealth: Current and Future Global Investments by Korea Investment CorporationAiming to Increase Sovereign Wealth: Current and Future Global Investments by Korea Investment Corporation
papers.ssrn.com [PDF]
… in more FX swap transactions between foreign banks' Seoul branches and Korean domestic banks … second Chair, Yoon-Dae Euh, was a former president of Korea University, from … As of December 2010, KIC has three divisions (Investment Management, Corporate Management …

Interpreting the Korean crisis: financial liberalisation, industrial policy and corporate governanceInterpreting the Korean crisis: financial liberalisation, industrial policy and corporate governance
academic.oup.com [PDF]
… in more FX swap transactions between foreign banks' Seoul branches and Korean domestic banks … second Chair, Yoon-Dae Euh, was a former president of Korea University, from … As of December 2010, KIC has three divisions (Investment Management, Corporate Management …

The role of financial development in economic growth: The experiences of Taiwan, Korea, and JapanThe role of financial development in economic growth: The experiences of Taiwan, Korea, and Japan
www.sciencedirect.com [PDF]
… in more FX swap transactions between foreign banks' Seoul branches and Korean domestic banks … second Chair, Yoon-Dae Euh, was a former president of Korea University, from … As of December 2010, KIC has three divisions (Investment Management, Corporate Management …

Ownership structure and the relationship between financial slack and R&D investments: Evidence from Korean firmsOwnership structure and the relationship between financial slack and R&D investments: Evidence from Korean firms
pubsonline.informs.org [PDF]
… in more FX swap transactions between foreign banks' Seoul branches and Korean domestic banks … second Chair, Yoon-Dae Euh, was a former president of Korea University, from … As of December 2010, KIC has three divisions (Investment Management, Corporate Management …

Financial system and economic growth: the Korean experienceFinancial system and economic growth: the Korean experience
www.sciencedirect.com [PDF]
… in more FX swap transactions between foreign banks' Seoul branches and Korean domestic banks … second Chair, Yoon-Dae Euh, was a former president of Korea University, from … As of December 2010, KIC has three divisions (Investment Management, Corporate Management …


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Section 508

WCAG 2.0

Section 508