KIC Organizational Restructuring Implemented... Split into Equity Investment Strategy Office and Global Equity Investment Office

[Asia Economy Reporter So-yeon Park] Korea Investment Corporation (KIC) announced on the 30th that it will implement an organizational restructuring and personnel appointments effective January 1, 2022.

This organizational restructuring focuses on enhancing equity management capabilities and expanding and diversifying alternative asset investments to advance as a global leading sovereign wealth fund, aiming to reorganize the investment management division.

The existing Equity Management Office will be divided into the Equity Management Strategy Office, which manages delegated management and regional funds, and the Global Equity Management Office, which is responsible for managing global funds based on sector expertise.

A Growth Investment Team, responsible for venture investment and new growth strategies, will be newly established within the Private Equity Investment Office. To revitalize venture investment, the San Francisco office will be separated from the New York branch and operated independently.

Personnel appointments will also be made following the organizational restructuring. ▲ Lee Geon-woong, Senior Managing Director, will be appointed Head of the Equity Management Strategy Office ▲ Kim Dong-jun, Managing Director, Head of the Global Equity Management Office ▲ Nam Seok-gu, Managing Director, Head of the Asset Allocation Office ▲ Shin Hyun-soo, Managing Director, Head of the Human Resources Office ▲ Seo Ik-ho, Senior Managing Director, Head of the Management Support Office are expected to be appointed.

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