KIC Marks 20th Anniversary: "Aiming for World-Class Excellence in All Areas"

Announcement of New Vision and Implementation Strategies
"Enhancing National Wealth and Realizing Future Value"
Special Lectures by Former World Bank President Jim Yong Kim and Others

Park Ilyoung, President of Korea Investment Corporation (KIC), is delivering the opening address at the KIC 20th anniversary event held on the 1st in Jung-gu, Seoul.

Korea Investment Corporation (KIC), the Korean sovereign wealth fund, has established a new vision and set out its core values and key strategic initiatives to mark its 20th anniversary. The organization announced its ambition to achieve world-class standards in all areas, including profitability, risk management, and internal controls.

On July 1, KIC held its 20th anniversary ceremony at a hotel in Jung-gu, Seoul, where it unveiled these new initiatives. The new strategy reflects KIC's aspiration to become "world-class." As its new vision, KIC declared its aim to be a "global top-tier investment institution that increases national wealth and realizes the future value of the country."

Alongside this, KIC presented five core values: performance, expertise, innovation, responsibility, and teamwork. The organization plans to pursue continuous growth through innovation and aims for world-class standards in all areas, including investment performance, capabilities, governance, risk management, and organizational culture. As of the end of last year, KIC managed $206.5 billion (approximately 280 trillion won) in assets, ranking 14th among major sovereign wealth funds globally. To realize its vision, KIC set out four key strategies: enhancing long-term profitability, securing future growth drivers, strengthening national industrial competitiveness, and establishing a sustainable management system.

Park Ilyoung, President of KIC, emphasized, "In this era of global transformation centered on the economy and security, we will expand our role in the national financial industry and investment in future core growth engines. We aim to become a sovereign wealth fund that not only increases national wealth but also contributes to strengthening national competitiveness and realizing future value."

The anniversary ceremony also featured lectures and discussions by domestic and international investment experts. Mike Gitlin, Chairman of Capital Group, delivered a special lecture, advising that as volatility in global financial markets increases, sovereign wealth funds and public investment institutions need to take a more proactive approach to preserving and growing national assets.

Following this, Jim Yong Kim, former President of the World Bank, highlighted the role of sovereign wealth funds in his keynote speech on "Infrastructure Investment for a Sustainable Future." Jeffrey Jaensubhakij, Advisor at GIC of Singapore, drew on his experience of over eight years as GIC's Chief Investment Officer (CIO) to deliver a lecture on "Asset Allocation Strategies for Sovereign Wealth Funds." The panel discussion, chaired by Andonghyun, Professor of Economics at Seoul National University and KIC Operating Committee member, focused on the "Mid- to Long-term Development Direction of KIC."