KIC to build research centre amid restructure
Korea’s $72 billion state wealth fund is to set up a 20-strong unit to feed macroeconomic and industrial analysis into its allocation process. It has started a reshuffle as it realigns.
The new head of Korean sovereign fund KIC has embarked on the largest restructuring in the institution’s history to align it with international best practice as it strives to improve returns.
Ahn ‘Hank’ Hong-Chul, named chief executive at $72 billion Korea Investment Corporation last December, has announced plans to establish a research centre within the investment management division at its Seoul headquarters.
He says the centre’s establishment follows examples set by major sov…
Please sign in or register
for free access to 1 article per month from AsianInvestor’s content and archives of over 16,000 articles.
¬ Haymarket Media Limited. All rights reserved.