KIC launches CIO search after Lee quits
Lee Dong-ik, the fund's first Korean CIO, has resigned with 15 months left on his three-year term. This is the second high-profile management resignation at KIC in the past few months.
Korean sovereign wealth fund KIC is searching for a new CIO after incumbent Lee Dong-ik quit. It is the second high-profile resignation at the institution within the past few months.
Lee had been nominated to a three-year term as chief investment officer back in 2012. His term was due to expire in April 2015.
Only late last year he had been required to assume duties as KIC president and CEO on an interim basis after Choi Chong-suk resigned for personal reasons on October 21.
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