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C.K. McWhorter to Open Communication With Sovereign Wealth Fund of Norway In Regard To McWhorter Single Family Office Linked Luxury ESG Global Fund Partnership

OSLO, Norway , Apr. 11 (Korea Bizwire) — The McWhorter Family Single Family Office, esteemed for its discerning investment strategies and commitment to excellence, proudly announces the commencement of strategic discussions with the Sovereign Wealth Fund of Norway. This bold initiative marks a decisive step towards forging an exclusive partnership in the realm of luxury [...]

S. Korea’s Sovereign Wealth Fund Earns $21.8 bln in 2020

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 [...]

S. Korea’s Wealth Fund Sets Sights on Commercial Properties in Europe, China

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 [...]

POSCO to Finalize Cooperation Deal with Saudi Fund

SEOUL, May 17 (Korea Bizwire) — POSCO Co., South Korea’s largest steelmaker, likely will sign a comprehensive cooperation deal with South Arabia’s sovereign wealth fund next month that includes the sale of a stake in its construction unit, industry sources said Sunday. POSCO was supposed to complete the deal with the Public Investment Fund (PIF) [...]

KIC Reaps $14.7 bln in Investment Profit Since 2005

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 [...]

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 [...]

$5.5 Tril. Global Investment Consultation Body “CROSAPF” to Set Sail

SEOUL, Sep. 7 (Korea Bizwire) – A government-led investment consultative group called the “Co-investment Roundtable of Sovereign and Pension Funds” (CROSAPF) that encompasses sovereign wealth funds, pension fund firms, and global public funds will be formed soon. Hosted by Korea Investment Corporation, a sovereign wealth fund, and sponsored by Korea EximBank, CROSAPF is Korea’s first global-level [...]