KIC to invest $100 million in IFC fund
Korea Investment Corporation (KIC), South Korea’s sovereign wealth fund, will inject $100 million into a private equity fund managed by IFC Asset Management Company, a wholly-owned subsidiary of the International Finance Corporation (IFC), the private investment arm of the World Bank.
This investment will be made under the current South Korean government strategy to strengthen its investment program, started in June 2009, by allotting up to $3 billion, with $1 billion to be invested...
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