The Korea Investment Corporation (KIC) has appointed Hoon Lee as the chief investment officer and Hoseok Jung as chief risk officer.
Lee, who was promoted from Head of Investment Strategy and Innovation Division, joined KIC in 2014 and has developed the fund’s asset allocation and investment strategies while assets under management more than doubled to $205 billion last year from $84.7 billion in 2014.KIC is the sovereign wealth fund, managing public funds entrusted by the Korean government, Bank of Korea and other public funds,investing across diverse asset classes.