Korea Investment Corporation

A A A

DEFINITION

The Korea Investment Corporation (KIC) is a government-owned investment organization that manages the sovereign wealth fund for the Government of South Korea. The KIC was established by law in 2005. The KIC received initial deposits of $17 billion from the Bank of Korea and $3 billion from the Korean Ministry of Strategy and Finance. The KIC has approximately USD$29.6 billion in assets under management as of the end of 2009.

INVESTOPEDIA EXPLAINS

The KIC is restricted to investing only in assets which fall under the guidelines provided by the Korea Investment Corporation Act. The KIC's objectives are to enhance Korea's sovereign wealth and to contribute to the development of the Korean financial industry. The KIC is governed by a steering committee consisting of nine members plus the chairman.




RELATED TERMS
  1. Sovereign Credit Rating

    The credit rating of a country or sovereign entity. Sovereign credit ratings ...
  2. Central Bank

    The entity responsible for overseeing the monetary system for a nation (or group ...
  3. Monetary Policy

    The actions of a central bank, currency board or other regulatory committee ...
  4. Reserve Currency

    A foreign currency held by central banks and other major financial institutions ...
  5. Sovereign Wealth Fund - SWF

    Pools of money derived from a country's reserves, which are set aside for investment ...
  6. Next Eleven

    Also known as N-11, these are the eleven countries that, according to a Goldman ...
  7. Foreign remittance

  8. Sponsored ADR

    An American depositary receipt (ADR) issued by a bank on behalf of the foreign ...
  9. Depositary Receipt

    A negotiable financial instrument issued by a bank to represent a foreign company's ...
  10. Corporate Inversion

    Re-incorporating a company overseas in order to reduce the tax burden on income ...
Related Articles
  1. Sovereign Wealth Funds - Friend Or Foe?
    Investing Basics

    Sovereign Wealth Funds - Friend Or Foe?

  2. Institutional Investors And Fundamentals: ...
    Fundamental Analysis

    Institutional Investors And Fundamentals: ...

  3. An Introduction To Sovereign Wealth ...
    Mutual Funds & ETFs

    An Introduction To Sovereign Wealth ...

  4. Keeping An Eye On The Activities Of ...
    Options & Futures

    Keeping An Eye On The Activities Of ...

  5. The Pros And Cons Of Institutional Ownership
    Mutual Funds & ETFs

    The Pros And Cons Of Institutional Ownership

  6. Investing In India: Strategies And Top ...
    Chart Advisor

    Investing In India: Strategies And Top ...

  7. Where The Equity Opportunities Are
    Economics

    Where The Equity Opportunities Are

  8. Frontier Stocks: 3 Reasons They're A ...
    Economics

    Frontier Stocks: 3 Reasons They're A ...

  9. Disturbing Headlines, Strong Equity ...
    Investing

    Disturbing Headlines, Strong Equity ...

  10. Top 10 Factors When Buying Country ETFs
    Mutual Funds & ETFs

    Top 10 Factors When Buying Country ETFs

comments powered by Disqus
Hot Definitions
  1. Leased Bank Guarantee

    A bank guarantee that is leased to a third party for a specific fee. The issuing bank will conduct due diligence on the creditworthiness of the customer looking to secure a bank guarantee, then lease a guarantee to that customer for a set amount of money and over a set period of time, typically less than two years.
  2. Degree Of Financial Leverage - DFL

    A ratio that measures the sensitivity of a company’s earnings per share (EPS) to fluctuations in its operating income, as a result of changes in its capital structure. Degree of Financial Leverage (DFL) measures the percentage change in EPS for a unit change in earnings before interest and taxes (EBIT).
  3. Jeff Bezos

    Self-made billionaire Jeff Bezos is famous for founding online retail giant Amazon.com.
  4. Re-fracking

    Re-fracking is the practice of returning to older wells that had been fracked in the recent past to capitalize on newer, more effective extraction technology. Re-fracking can be effective on especially tight oil deposits – where the shale products low yields – to extend their productivity.
  5. TIMP (acronym)

    'TIMP' is an acronym that stands for 'Turkey, Indonesia, Mexico and Philippines.' Similar to BRIC (Brazil, Russia, India and China), the acronym was coined by and investor/economist to group fast-growing emerging market economies in similar states of economic development.
  6. Pension Risk Transfer

    When a defined benefit pension provider offloads some or all of the plan’s risk – e.g.: retirement payment liabilities to former employee beneficiaries. The plan sponsor can do this by offering vested plan participants a lump-sum payment to voluntarily leave the plan, or by negotiating with an insurance company to take on the responsibility for paying benefits.
Trading Center