Ex-KIC chief accused of improper conduct: reports
‘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.
The chairman and chief executive of Korea's $85 billion sovereign wealth fund, ‘Hank’ Ahn Hong-chul, may have resigned on November 6 to avoid facing disciplinary action for improper conduct, according to local media.
The Board of Audit and Inspection of Korea (BAI) has reportedly found evidence of serious wrongdoing at Korea Investment Corporation and recommended that Ahn be dismissed as a result.
He has come under fire for several reasons, report local media. For one thing, hi…
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