Industry ponders KIC chief's resignation

The president and chief executive of Korean sovereign wealth fund KIC, 'Hank' Ahn Hong-Chul, has resigned, according to local media, with sources unsure about the motivation behind the move. The surprise development, which emerged late last week, comes shortly after the CEO and CIO of Korea’s $450 billion National Pension Service (NPS) were both forced to step down after a row between the two spilled into the public domain. Ahn had served as CEO of Korea Investment Corporation s…