Sovereign Wealth Fund

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Korea Investment Corporation

The Korea Investment Corporation (KIC) is the sovereign wealth fund of the Republic of Korea, established on July 1, 2005, under the Korea Investment...

Korea Investment Corporation logo

Korea Investment Corporation

The Korea Investment Corporation (KIC) is the sovereign wealth fund of the Republic of Korea, established on July 1, 2005, under the Korea Investment Corporation Act. It efficiently manages assets entrusted by the government, the Bank of Korea, and other public funds to preserve and enhance the long-term purchasing power of national wealth through global investments while contributing to the growth of Korea’s finance industry (per official About Us and CEO's Message pages). As of the end of December 2025, KIC manages approximately USD 232.0 billion in assets under management and has generated cumulative net investment returns of approximately USD 122.4 billion since inception, delivering a 13.91% total portfolio return for 2025 (per official homepage and Investment Portfolio Management Status page; also reflected in 2025 Annual Report highlights). Headquartered in Seoul at State Tower Namsan, KIC maintains five overseas offices in New York, London, Singapore, San Francisco, and Mumbai, enabling a 24-hour global investment platform across 70 countries and 39 currencies (per official website). The portfolio is diversified, with traditional assets (equities and fixed income) comprising roughly 78% and alternative assets (private equity, real estate, infrastructure, hedge funds, and private debt) about 22% as of year-end 2025 (per management status). Leadership includes Chairman & CEO Il Young Park (appointed 2024), CIO Hoon Lee, CRO Jae-Hyun Joo (appointed April 2026), COO Sangmin Lee, and Statutory Auditor Chongsoo Lee (per Executive Management page and official press releases). KIC prioritizes long-term performance, robust risk management, and sustainable investing as a world-class sovereign investor (per 2025 Annual Report).

General information

Firm type

Sovereign Wealth Fund

Year founded

2005

AUM

$232B (Dec 2025)

Location

Region

Asia

Country

South Korea

City

Seoul

Corporate office

Seoul, South Korea

Additional offices

New York, NY · London, UK · Singapore · San Francisco, CA · Mumbai, India

Principals

Il Young Park

Chairman & CEO

Hoon Lee

Chief Investment Officer

Jae-Hyun Joo

Chief Risk Officer

Sangmin Lee

Chief Operating Officer

Chongsoo Lee

Statutory Auditor

Sector focus

Private EquityReal EstateInfrastructureHedge FundsFixed IncomePublic EquitiesPrivate CreditVenture CapitalClimateTechEnergy Transition & Renewables

Frequently asked questions

What is the Korea Investment Corporation (KIC)?

KIC is South Korea’s sovereign wealth fund, established in 2005 under the Korea Investment Corporation Act to manage public funds entrusted by the government, Bank of Korea, and other public entities through global investments, aiming to preserve and enhance long-term national wealth while supporting the domestic finance industry (per official website).

What is KIC’s most recent assets under management (AUM)?

As of the end of December 2025, KIC manages approximately USD 232.0 billion in assets, with cumulative investment returns of about USD 122.4 billion since inception (per official homepage and Investment Portfolio Management Status page).

When and why was KIC founded?

KIC was established on July 1, 2005, following the promulgation of the Korea Investment Corporation Act, to efficiently manage Korea’s public funds and foreign reserves in international markets and contribute to the development of the nation’s financial industry (per official history and About Us pages).

Who are the key current leaders of KIC?

Key executives include Chairman & CEO Il Young Park, Chief Investment Officer Hoon Lee, Chief Risk Officer Jae-Hyun Joo (appointed April 2026), Chief Operating Officer Sangmin Lee, and Statutory Auditor Chongsoo Lee (per Executive Management page and official press releases).

Where is KIC headquartered and what is its global presence?

KIC is headquartered in Seoul, South Korea (State Tower Namsan), with five overseas offices in New York, London, Singapore, San Francisco, and Mumbai; it invests in 70 countries using 39 currencies (per official website Global Reach section).

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