New chief executive reported for Korea's KIC
Local media is reporting that sovereign wealth fund Korea Investment Corporation has decided on a new CEO and an announcement on the appointment is pending.
Korea’s sovereign wealth fund is set to announce a new chief executive less than a month after his predecessor resigned, according to local media reports.
Quoting government and financial market sources, several domestic media outlets stated that Ahn ‘Hank’ Hong-Chul was poised to re-join Korea Investment Corporation as president and CEO, replacing Choi Chong-suk, who stepped down on October 21, as reported.
They noted that Ahn had been nominated internally by KIC's search commi…
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