KIC to cast eyes onto infrastructure, e-commerce, biotech
With assets under management reaching $195.7 billion at the end of May, the Korean sovereign wealth fund is continuing to raise its game with alternative assets.
Korea Investment Corporation (KIC) plans to continue expanding investment in alternatives, focusing on data centres and warehouse infrastructure and e-commerce platforms linked to online logistics channels and automated logistics systems.
KIC’s chief investment officer David Park said that the fund would also focus on biotechnology and welfare-related industries for the elderly. He noted that it was also securing preemptive hedging strategies targeted at risky assets in the event …
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