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Sovereign Wealth Fund KIC Expanding Consignment Management The Korea Investment Corporation (KIC), a sovereign wealth fund, is planning to expand its management of funds to include national associations. The incoming Yun Seok-yeol government is promoting the use of KIC to increase overseas investment returns from domestic asset management institutions. According to a press release from the Presidential Transition Committee regarding its National Task Implementation Plan, “To improve profitability, KIC will be entrusted with the assets of smaller public asset management institutions such as mutual aid associations and national associations that are restricted when it comes to finding excellent investment opportunities.” Currently, the institutions that can legally entrust KIC with investment […]
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