The sovereign wealth fund Korea Investment Corporation (KIC) hosted a gathering in New York, inviting Korean and local investment experts to discuss the upcoming policies of the ‘Trump 2nd Administration’ and future investment directions.
On the morning of the 22nd (local time), KIC's New York office held the 15th ‘New York Korean Finance Forum’ at the New York Consulate General, the corporation announced on the 25th.
The forum was attended by over 50 Korean investment officials based locally, including the Consul General of the New York Consulate, government representatives, and public and private investment institutions. The second Trump administration is set to take office in January next year.
During the presidential election process, it was already confirmed that the policy direction would differ significantly from the Biden administration, making the Trump administration’s foreign policy a major variable in future investment decision-making.
Thomas Mucha, a geopolitical strategy expert from Wellington Management, who gave a presentation, stated, “The foreign strategy of the Trump 2nd Administration will differ from that of the first term,” and predicted, “Geopolitical tensions unlike before, such as wars in Europe and the Middle East, will escalate.”
He added, “The Trump administration will take a tougher stance toward major trading partners, including China, based on economic and military superiority,” and emphasized, “It is necessary to closely monitor changes in defense budget allocations after the formation of the U.S. Congress, key appointments related to security, and detailed tariff policy announcements.” He further noted, “Investment sectors related to national security will attract attention due to changes in foreign strategy,” while forecasting, “Policy support for decarbonization investments will decrease.”
Wellington Management, established in 1928 in Boston, USA, manages over $1 trillion entrusted by more than 3,000 institutional investors worldwide as of the end of June. Lee Kyung-taek, head of KIC’s New York office, which organized the forum, said, “Market volatility has increased since the U.S. presidential election,” and added, “This was a meaningful occasion to review the policy changes of the Trump administration in advance with Korean institutional investors and share investment implications.”
KIC has overseas offices in global financial hubs including New York and San Francisco in the U.S., London in the U.K., Singapore, and Mumbai in India. These overseas offices strive to share overseas investment information and establish mutual cooperation systems with domestic public and private financial institutions operating locally.
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