Korean sovereign fund KIC appoints new CIO
Korea Investment Corporation (KIC) has appointed Heung-Sik Choo, formerly director general at Bank of Korea’s reserve management group, as its new CIO. He replaces Dong-Ik Lee, who resigned in January.
Choo - whose appointment was reported by domestic media yesterday - oversaw increased diversification in South Korea's $330 billion in foreign exchange holdings. The central bank gradually trimmed its...
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