Korea Investment Corporation

Search Dictionary

Definition of 'Korea Investment Corporation'

The Korea Investment Corporation (KIC) is a state-owned investment management company based in Seoul, South Korea. It was established in 1973 as the Korea Development Finance Corporation (KDFC) to provide long-term financing for the country's economic development. In 1998, KDFC was reorganized into the Korea Asset Management Corporation (KAMCO) and given the mandate to manage the government's foreign exchange reserves. In 2005, KAMCO was renamed the Korea Investment Corporation (KIC).

KIC is a global investment manager with over \$100 billion in assets under management. It invests in a wide range of asset classes, including equities, fixed income, real estate, and infrastructure. KIC also has a number of specialized investment funds, such as the Korea Growth Fund, which invests in Korean companies with high growth potential.

KIC is a major player in the Korean economy. It is the largest institutional investor in the country and plays a key role in supporting the government's economic development goals. KIC also has a significant impact on the global economy, as it is one of the largest sovereign wealth funds in the world.

KIC is a well-respected investment manager with a long track record of success. It has consistently generated strong returns for its investors and has played a key role in the development of the Korean economy. KIC is a major player in the global economy and is likely to continue to play an important role in the years to come.

Here are some additional details about KIC:

* KIC is a member of the International Forum of Sovereign Wealth Funds (IFSWF).
* KIC has offices in Seoul, New York, London, and Tokyo.
* KIC's chairman is Lee Myung-hee.
* KIC's CEO is Hoon Lee.

KIC is a valuable asset to the Korean economy and is a major player in the global economy. It is likely to continue to play an important role in the years to come.

Do you have a trading or investing definition for our dictionary? Click the Create Definition link to add your own definition. You will earn 150 bonus reputation points for each definition that is accepted.

Is this definition wrong? Let us know by posting to the forum and we will correct it.