Korea Investment Corporation (KIC) is a sovereign wealth fund established by the South Korean government in 2005. Its primary purpose is to manage and invest a portion of the country's foreign exchange reserves and other public funds to generate long-term, sustainable financial returns, support the nation's economic stability, and diversify its investment portfolio.
KIC's investment activities span various asset classes, including equities, fixed income, real estate, and alternative investments such as private equity, hedge funds, and infrastructure projects. The fund operates on a global scale, with investments in North America, Europe, Asia, and other regions. KIC aims to create a well-diversified portfolio that balances risk and return, while taking advantage of opportunities in both traditional and alternative investments.
The fund's investment strategy is guided by its long-term objectives and risk tolerance, with a focus on achieving optimal asset allocation, active management, and collaboration with leading external asset managers. KIC pursues both passive and active investment strategies across different markets and sectors, seeking to outperform its benchmark indices.
KIC is governed by a Steering Committee, which is responsible for setting the strategic direction, approving major investment decisions, and monitoring the fund's performance. The day-to-day operations are managed by a professional team of investment managers and experts led by the Chief Executive Officer. KIC is committed to upholding the highest standards of corporate governance, transparency, and risk management in its investment activities.
As an institutional investor, KIC is also actively involved in responsible investment initiatives and considers environmental, social, and governance (ESG) factors in its investment decisions. The fund is a signatory to the United Nations-supported Principles for Responsible Investment (PRI) and is focused on incorporating sustainable investment practices across its portfolio.
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