Korea Investment Corporation Archives

KIC to Give Up Plan to Buy LA Dodgers Stake

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 [...]

KIC Breaks Rules in Bid to Invest in LA Dodgers

SEJONG, April 21 (Korea Bizwire) — South Korea’s sovereign wealth fund has violated its own rules in its move to buy into the Los Angeles Dodgers, a lawmaker said Tuesday. The Korea Investment Corporation (KIC), which manages assets entrusted by South Korea’s central bank, has reportedly been in talks to buy a 19 percent stake in [...]