KIC Discusses Energy Infrastructure Investment Opportunities with Korean-American Financial Professionals in New York

"Net Zero Promotion... Focus on Infrastructure Investment Opportunities"

Photo: On the morning of the 29th (local time), the "6th New York Financial Professionals Forum" was held at the Consulate General of the United States in New York.

A meeting was held in New York where Korean financial professionals and local experts discussed infrastructure investment opportunities arising from the global energy transition.

The sovereign wealth fund Korea Investment Corporation (KIC) announced on the 30th that "under the auspices of the New York office, on the 29th (local time), the 6th 'New York Financial Professionals Forum' was held at the Consulate General of the Republic of Korea in New York." More than 20 investment officials from the government, public investment institutions, securities firms, banks, and insurance companies attended, including the Deputy Consul General of the Republic of Korea in New York.

The presentation that day was given by Himanshu Saxena, CEO and Chairman of the Board of Lotus Infrastructure Partners, a US energy infrastructure-focused private equity firm. This company started as a subsidiary of Starwood Capital Group, a global real estate specialist, and became independent earlier this year. It has extensive experience in investments in the energy transition sector.

CEO Saxena emphasized that investment opportunities will arise in the global effort to achieve 'net zero' to combat climate change. Net zero is a policy goal to reduce net carbon emissions to zero. Major countries including the US have pledged to achieve 'net zero by 2050.' Saxena said, "Achieving net zero requires an unprecedented level of transition," adding, "Decarbonization efforts are essential across broad sectors such as transportation and power generation."

He continued, "Large-scale investments are needed in electrification, power generation, and transmission infrastructure, estimating that approximately $6.7 trillion annually will be required worldwide to achieve net zero by 2050. A significant portion of this will present opportunities for private equity capital." Key issues to watch in the global energy transition process include ▶stability of global supply chains ▶expansion of necessary infrastructure facilities ▶regulatory and tax environments. Newly highlighted areas in energy infrastructure include hydrogen, carbon capture, and renewable fuels.

Lee Kyung-taek, head of the KIC New York office, which hosted the forum, said, "It was a valuable opportunity to comprehensively review the main issues, outlook, and investment opportunities related to the energy transition theme. We hope it will help domestic institutional investors establish future investment strategies."

Meanwhile, KIC has overseas offices in global financial hubs such as New York, San Francisco, London, and Singapore. It is working to share overseas investment information and build mutual cooperation systems with domestic public or private financial institutions operating locally.

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