KIC President Choi Hee-nam Reviews Investment Strategies with CEOs of Global Sovereign Wealth Funds and Investment Institutions

[Asia Economy Reporter Minji Lee] The sovereign wealth fund Korea Investment Corporation (KIC) announced on the 28th that it reviewed global financial market outlooks and investment strategies with overseas sovereign wealth funds and financial investment institutions.

KIC President Choi Hee-nam is attending the 'COVID-19 Global Investment Conference' hosted by RDIF on the 27th, conducting a video conference with CEOs of overseas sovereign wealth funds and investment institutions. Photo by KIC

On the afternoon of the 27th, KIC attended the 'COVID-19 Global Investment Roundtable' held via video conference at its headquarters on Toegye-ro, Jung-gu, Seoul, at the request of the Russian sovereign wealth fund RDIF (Russian Direct Investment Fund).

This roundtable was hosted by RDIF to share the response directions of sovereign wealth funds to the novel coronavirus infection (COVID-19) and future investment strategies. Global sovereign wealth funds such as China Investment Corporation (CIC), Government of Singapore Investment Corporation (GIC), Temasek, UAE sovereign wealth fund Mubadala, and Saudi Arabia's Public Investment Fund (PIF), as well as heads of overseas investment institutions including the United States International Development Finance Corporation (USIDFC), France's Public Investment Bank (Bpifrance), and Japan Bank for International Cooperation (JBIC) participated.

Additionally, Ray Dalio, chairman of Bridgewater, the world's largest hedge fund, and Marcus Brennecke, global co-chairman of private equity firm EQT, also attended the meeting to share their opinions.

President Choi Hee-nam stated, "Through this roundtable, we focused not only on reorganizing investment strategies after COVID-19 but also on conveying the Korean government's successful response cases," adding, "Under the shared recognition that the efforts of the participating investment institutions are crucial for global economic recovery, we agreed to expand cooperation in various aspects going forward."

This content was produced with the assistance of AI translation services.