Korea Investment Corporation

Foundation background

Korea Investment Corporation (KIC) was established in July 2005 under the KIC Act. It was launched with a view to enhance sovereign wealth and contribute to the development of the domestic financial industry. KIC is mandated to manage assets entrusted by the Government and the Bank of Korea.

Business Overview

KIC manages assets entrusted by the Government, the Bank of Korea, and other public funds defined under the National Finance Act. KIC directly invests the entrusted assets or re-entrusts the assets to external managers.

2005

Mar. Promulgation of Korea Investment Corporation Act

Apr.  Launch of Establishment Committee of KoreaInvestment Corporation

July. Establishment of Korea Investment Corporation

2006

June. Signing of investment management agreement
with the Bank of Korea

Oct. Signing of investment management agreement

        with the Ministry of Strategy and Finance

Nov. Launch of global fixed income investment

2007

Apr. Launch of global equity investment

Aug. Launch of in-house global fixed income investment

2008

Mar. Launch of in-house global equity investment

2009

Mar. Launch of in-house global equity investment

June. Adoption of separation strategy of alpha & beta

Aug. Launch of alternative investment

2010

Mar. Formation of Special Investment Team

July. Opening of New York Office

2012

Sep. Launch of direct investment in mainland China

2013

Dec. AUM surpassing $72 billion

 

2014

Feb. 2014 Establishment of Research Center