SEOUL, March 24 (Korea Bizwire) — Global shipbuilding giant Hyundai Heavy Industries Holdings Co. (HHIH) said Wednesday that it has signed an initial deal with Korea Investment Corp. (KIC), South Korea’s sovereign wealth fund, toward merger and acquisitions with global companies as part of efforts to expand its presence in new businesses. Under the deal, [...]
SEOUL, Feb. 2 (Korea Bizwire) — South Korea’s sovereign wealth fund said Tuesday it earned US$21.8 billion from investment, boosted by stock rallies, as the coronavirus pandemic prompted central banks to cut rates and pump liquidity into markets. Choi Hee-nam, chief executive of Korea Investment Corp. (KIC), told reporters that its return on investment was [...]
SEOUL, July 26 (Korea Bizwire) — Korea Investment Corp. (KIC), South Korea’s US$157 billion sovereign wealth fund, is seeking to buy commercial properties in Europe and China, the company’s top executive has said, in what could be its latest alternative investments. “We are considering making investments one each in Europe and in China,” KIC Chairman [...]
SEOUL, May 12 (Korea Bizwire) – Korea Investment Corp. (KIC), South Korea’s sovereign wealth fund, said Friday it posted US$4 billion in investment gains last year. The sovereign fund — which handles $110.8 billion in assets under management — reported a return ratio of 4.35 percent from its investments in overseas stocks and bonds for [...]
SEOUL, June 21 (Korea Bizwire) – South Korea’s sovereign wealth fund has abandoned its plan to buy a stake in the Los Angeles Dodgers, a Major League Baseball club, as part of a broader move to diversify its investment portfolio, sources familiar with the matter said Sunday. The Korea Investment Corporation (KIC), which manages assets entrusted [...]