[ASK 2019 SUMMIT] KIC to boost alternatives with co-ops' assets
May 17, 2019 (Gmt+09:00)
Korea Investment Corporation (KIC) will raise the proportion of alternative investments with further diversified portfolios, while seeking to manage part of two major national cooperatives’ investment assets in addition to Korea Post’s.
“KIC will increase the proportion of alternative assets to 20% within the next two to three years,” KIC’s Chief Executive Officer Heenam Choi said in a keynote speech for the ASK 2019 Private Debt & Private Equity Summit hosted by the Korea Economic Daily in Seoul on May 15.
Currently, alternative assets make up 16% of KIC’s assets of over $100 billion.
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