Investing assets entrusted by the government, Bank of Korea and public funds in the global financial market
In keeping with its mission, KIC works to contribute to the development of the local finance industry. We share our overseas investment knowledge through various channels to boost the competitiveness of the industry. We also cultivate asset management professionals and lead co-investment programs with local public funds to support the domestic finance community.
KIC started the Public Community for Overseas Investment (PCOI) in April of 2014 to bolster the overseas investment capability of the Korean public sector. Through this platform, we share information and best practices with domestic public institutions, including pension funds, mutual aid associations and other national institutions.
The PCOI convened four times in 2021. Three of the sessions were held virtually and covered key economic prospects and investment strategies, including global economic and financial market forecasts, Fed policies, interest rate outlooks and real estate investment strategies in the Asia-Pacific region. The fourth session, a hybrid online-offline ESG conference organized with the International Finance Corporation (IFC), drew more than 200 organizations, including PCOI members, other institutions and media outlets.
As of 2021, the PCOI has 26 member institutions, including KIC. Through this body, we will continue to offer partnerships and support to member institutions.
(Status / Affiliation)
KIC meets continually with domestic financial institutions to discuss the development of Korea’s finance industry. In the first half of 2019, KIC held a meeting with Korean securities firms to discuss foreign equity transactions and the future of Korea’s finance industry. In the second half of the year, we met with domestic asset management firms to share views on managing KIC’s assets and global investment cooperation. By the end of the year, we selected two domestic securities firms to handle our foreign equity investments and plan to start working with them in 2020. We will also continue to engage more with Korean asset managers.
KIC’s overseas offices hold meetings of the International Financial Cooperation Council (IFCC), which is made up of public and private Korean investment institutions, in New York, London and Singapore. The goal is to share investment information, build networks with leading global investment firms, gain a balanced perspective on financial issues and pursue mutual development.
IFCC New York was started in November 2017, IFCC London in February 2018 and IFCC Singapore in August 2019. IFCC New York meets monthly while the councils in London and Singapore meet quarterly.
For each meeting, KIC’s overseas offices invite local experts from asset management firms and investment banks to present and share views on the global economy and local finance industry.
Through the IFCC, KIC aims to promote information sharing, seek co-investment opportunities and make inroads into local markets with leading investors.