The new head of Korea Investment Corporation is moving to implement reforms at the $90 billion sovereign wealth fund after his predecessor violated internal guidelines.
Choo Heung-Sik has made the jump from head of reserve management at the Bank of Korea to overseeing investments at the country's sovereign wealth fund.
Different investors have different ideas of how to generate returns as global interest rates remain at record lows.
Choo Heung-Sik, head of the central bank’s reserve management group.
Choo Heung-Sik, head of the central bank’s reserve management group, is keeping an open mind to alternative opportunities and sees emerging markets as increasingly important.
The central bank has drawn a blank in its first recruitment effort for a global corporate bond head and has restarted the process. But its new CIO is set to start within a month.