KIC seen seeking stability with new chief

Following the abrupt exit of ‘Hank’ Ahn Hong-chul as chairman and chief executive of Korea Investment Corporation (KIC), the sovereign wealth fund has appointed former World Bank executive Eun Sung-Soo to the role. Ahn resigned in November with one year remaining of his three-year term, with the local press suggesting it was down to the imminent publication of a report alleging improper conduct, as reported. Eun was chosen from among 20 applicants on the back of his internationa…