Korea's sovereign wealth fund is sharing investing knowledge with public investment peers, even as it seeks to invest money for more of them.
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.
Former World Bank executive Eun Sung-Soo is the new chairman and CEO at Korea Investment Corporation, after 'Hank' Ahn Hong-chul quit amid reports of improper conduct.
‘Hank’ Ahn Hong-chul, chairman and chief executive of Korea Investment Corporation, may have quit due to a report alleging improper conduct, according to local media.
Ahn Hong-Chul has reportedly resigned as president and chief executive of sovereign wealth fund Korea Investment Corporation, with sources unsure as to reasons behind the move.
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.