KIC appoints career bureaucrat as new CEO
By May 17, 2021 (Gmt+09:00)
Samsung shifts to emergency mode with 6-day work week for executives
Alibaba eyes 1st investment in Korean e-commerce platform
Blackstone signs over $1 bn deal with MBK for 1st exit in Korea
NPS loses $1.2 bn in local stocks in Q1 on weak battery shares
MBK eyes stake in Korean software developer Tmaxsoft
Jin Seoungho, an ex-senior finance ministry official in South Korea, will take office as Korea Investment Corporation's (KIC) new chief executive on Tuesday.
Finance Minister Hong Nam-ki tapped Jin among the three final candidates and with Hong's recommendation, President Moon Jae-in appointed him as the sovereign wealth fund's new CEO, according to government sources last week.
Jin is succeeding Choi Heenam, whose three-year term ends on May 17.
The new CEO entered the bureaucratic arena after passing the state's highest civil service exam in 1989 following his studies. He spent most of his public career at the finance ministry that owns 100% of KIC. From 2019 until this appointment, Jin led the Presidential Committee on Balanced National Development.
At the finance ministry, he worked at the tax and customs office and headed the international financial cooperation bureau and the international economic affairs bureau.
Jin studied economics at Seoul National University and holds a doctorate in economics from Manchester University.
Write to Ji-hye Min at spop@hankyung.com
Yeonhee Kim edited this article.
-
[Exclusive] Chief Investment OfficersEx-police fund CIO picked to lead Yellow Umbrella Mutual
May 04, 2021 (Gmt+09:00)
1 Min read -
Pension fundsKIC, Korean pension funds in hunt for new C-level execs
Mar 17, 2021 (Gmt+09:00)
3 Min read -
NPS extends term for CIO Ahn Hyo-joon; likely to drive overseas investment
Oct 06, 2020 (Gmt+09:00)
3 Min read