이 누리집은 대한민국 공식 전자정부 누리집입니다.
Biz News Korea(Eng)
Korea’s sovereign fund KIC loses big in stock investment this year
- Collected
- 2016.10.15
- Distributed
- 2016.10.17
- Source
- Go Direct
According to data it submitted for parliamentary audit, the state institution saw negative return of 2 percent in direct stock investment in the first eight months of the year. It invested $30.5 billion and about 691.74 billion won ($611.3 million) worth stocks hovered below the benchmark index.
It also did not do well with indirect investment, recording negative 1.71 percent return rate. It placed indirect investment of $12.6 billion, of which 244.3 billion won worth underperformed the benchmark. KIC said it replaced the chief manager at equity due to poor performance.
By Oh Soo-hyun
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