KIC
Korea's KIC names Hoon Lee as CIO
Korea Investment Corporation (KIC) has appointed Hoon Lee, previously head of its investment strategy and innovation division, as CIO.
KIC appoints new private equity head
Korea Investment Corporation (KIC) has appointed Sungjun Song as head of its private equity division.
KIC's private equity head to lead alternatives
Korea Investment Corporation (KIC) has promoted Jong-ho Kim from head of private equity to deputy CIO with a brief to lead its alternative investment group.
LPs warn of co-investment risks - AVCJ Forum
The boom in LP appetite for co-investment has made it harder to secure access to deals and created adverse selection risk as private equity firms push beyond their comfort zone, investors told the AVCJ Korea Forum.
Korean LPs prepare for a downturn - AVCJ Forum
Korean institutional investors are reviewing their alternatives allocations – and focusing new commitments on more liquid strategies such as credit – in anticipation of a correction in global markets.
Korea's KIC boosts alternatives exposure to $15.1b
Korea Investment Corporation (KIC) hiked its alternatives allocation from 12.4% to 13.7% - reaching $15.1 billion - over the course of 2016 as the overall portfolio posted a positive return following an investment loss in 2015.
Korea's KIC appoints new CIO
Korea Investment Corporation (KIC) has named Shin-Woo Kang, most recently CEO of Hanwa Asset Management, as its new CIO. He replaces Heung-Sik Choo, who stepped down in February after less than two years in the job.
Korea's KIC appoints new CEO
Korea Investment Corporation (KIC) has appointed Sung-Soo Eun, most recently an executive director at the World Bank, as its CEO. He will also serve as chairman of the sovereign wealth fund’s board.
Fundraising: Cracking the Korean LP
Korea’s LP community has been compared to an iceberg: the tip is very visible but getting to the lump of uncommitted capital that lurks beneath surface can be far more difficult. GPs on the fundraising trail must ask themselves whether it is worth the...
KIC invests $100m in US pet supplies firm
South Korea's sovereign wealth fund KIC has invested $100 million in US-based pet supplies and services retail chain PetSmart as part of a takeover led by US private equity firm BC Partners.
Korea's KIC targets 50% alternatives allocation
Korea Investment Corporation (KIC), which is expected to surpass $100 billion in assets this year, wants to increase its allocation to alternative assets to 50% from the current level of 8%.
KIC, Kingdom Holdings to partner on PE investments
Korea Investment Corporation (KIC) and Kingdom Holding Company (KHC), an investment company controlled by Saudi billionaire Prince Alwaleed bin Talal, have agreed to collaborate on private equity investment opportunities.
Korea's KIC more than doubles PE exposure in 2013
Korea Investment Corporation’s (KIC) private equity investments more than doubled in size to $2.6 billion over the course of 2013 as total assets increased 27% year-on-year to reach $72 billion.
Korean LPs: A targeted market
From the National Pension Service downwards, Korean institutions are increasingly courted by international GPs on the fundraising trail. Building ties with these groups, formally or informally, can be difficult
Korea’s KIC targets 20% alternatives allocation
Korea Investment Corp. (KIC) will double its investments in alternative assets over the next 10 years. This would take the sovereign wealth fund’s allocation to the asset class to 20% out of a total corpus of $72 billion.
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.
Korea sovereign fund's CIO resigns
Dong-Ik Lee, the CIO of Korea Investment Corporation (KIC), has resigned. This comes less than three months after Chong-Suk Choi, president and CEO of the sovereign wealth fund, resigned for personal reasons.
Korea, Russia sovereign funds launch investment platform
Korea Investment Corporation (KIC) has agreed to form an investment platform with fellow sovereign wealth fund the Russian Direct Investment Fund (RDIF). Each side will contribute an initial $250 million and it is hoped the fund will reach $1 billion...
KIC president resigns
Korea Investment Corp’s (KIC) president and CEO, Chong-Suk Choi, has resigned for personal reasons.
Korea's KIC to boost alternatives exposure to as much as $10b
Korea Investment Corp. (KIC) is planning to triple its allocation to alternative assets - spending as much as $10 billion in an effort to diversify its portfolio.
Secondaries valuations remain challenging – KIC
Korea Investment Corporation (KIC) will increase its allocation to alternatives to as much as 25%, up from 15%, but CIO Don Lee said there were no immediate plans to add managers in the secondary space, citing valuation challenges in the market.
A taste of Europe: Asian investor objectives
Asian LPs have become part of the landscape of European private equity, pursuing opportunities across buyouts, secondaries, credit and distress. But what do they really want from the region?
Secondaries in vogue in Korea
Among South Korean LPs there such a thing as the flavor of the month. We have seen global buyout and credit phases over the years, during which international private equity and credit houses mopped up more allocations than ever before. The last 12 months,...
Asia fundraising: Emerging LPs
Led by a clutch of sovereign wealth funds, Asia’s emerging LPs are looking to boost their alternatives exposure. Fund managers in search of allocations must find out what makes these institutions tick