New KIC CIO Appointed: Lee Hoon, Head of Future Strategy Division

[Asia Economy Reporter Park So-yeon] Lee Hoon, head of the Future Strategy Division at Korea Investment Corporation (KIC), the sovereign wealth fund, has been appointed as the new Chief Investment Officer (CIO) of KIC.

According to the financial investment industry on the 5th, the Ministry of Economy and Finance notified KIC on the same day of the personnel verification results for Lee Hoon, the final candidate for KIC CIO.

KIC plans to hold an operations committee meeting on the same day and finalize the appointment of Lee as the new CIO after approval from the president.

Born in 1969, the new CIO Lee joined KIC in 2014 when the KIC Research Center was established, after working at Korea Investment & Securities Research Center and other positions.

Since then, he has served as head of the Asset Allocation Team, head of the Investment Strategy Division, and has been the head of the Future Strategy Division since last year. He will be the second internally promoted CIO since KIC’s establishment.

Earlier, KIC announced the recruitment of a new CIO in May and conducted document screening and interviews, narrowing down the candidates to four.

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