Korea Investment Corporation Reviews Investment Environment with Korean Financial Professionals in India

The sovereign wealth fund Korea Investment Corporation (KIC) organized a meeting to review global macroeconomic trends and the investment environment with Korean financial professionals operating in India.

Korea Investment Corporation announced on the 23rd that its Mumbai office hosted the 1st Mumbai International Financial Council on the 20th (local time). The event was attended by more than 40 participants, including representatives from the Consulate General of the Republic of Korea in Mumbai, domestic public financial institutions, private asset management companies, securities firms, and banks.

Neelkanth Mishra, Chief Economist at Axis Bank, stated, "The current global average tariff is at its highest level since World War II," adding, "The US-China trade conflict is a key variable creating tension in global trade, and the investment environment remains highly uncertain." He continued, "India now has the opportunity to gradually overcome high tariffs through trade agreements, and its structural economic growth rate remains robust at around 7% per year. Investment in real estate, manufacturing, and public infrastructure sectors is showing signs of recovery." He also explained, "It is encouraging that domestic institutional investors (DIIs) are rapidly narrowing the gap with foreign institutional investors (FIIs) in investments in Indian BSE500 companies."

Kwon Kiho, head of KIC's Mumbai office, said, "This event was a great opportunity for Korean financial institutions operating in India to understand global macroeconomic trends and review their investment strategies." He added, "Starting with today's inaugural meeting, we will continue to interact with key local investment experts, share valuable information, and play a role in strengthening the network among Korean financial professionals."

Korea Investment Corporation has overseas branches and offices in global financial hubs such as New York and San Francisco in the United States, London in the United Kingdom, Singapore, and Mumbai in India. Each overseas base strives to share investment information and establish a cooperative framework with domestic public and private financial institutions operating locally.