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, May 11 (Korea Bizwire) — South Korea’s sovereign wealth fund said Monday it has logged a cumulative US$14.7 billion in investment profit as of the end of last year following its establishment in 2005. Its overall return on investment reached 10 percent last year, while its annual return on investment in the past five [...]