KIC names new chief executive

Korea Investment Corporation (KIC), South Korea's sovereign wealth fund, has officially appointed  Park Il Young as its new chief executive officer and chairman of the board of directors. The announcement comes after a rigorous selection process, marking a significant leadership transition for the organisation that managed $189.4 billion in assets as of the end of 2023. Park Il Young, KIC Park, who begins his three-year term on September 26, was most recently the execu…