Korea’s $169 Billion Wealth Fund Bets on Private Credit
- Interest rates need to come down for equities to rally: KIC
- Ratio of alternative assets to rise to 25% by 2025, CEO says
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South Korea’s $169 billion sovereign wealth fund has returned to gains this year, partially recovering from the double-digit losses of 2022 with increased bets on alternative assets to reduce volatility.
Korea Investment Corp. plans to allocate 25% of its assets in the category that includes private equity and credit, real estate and hedge funds by 2025, up from 22.8% as of the end of last year, Chief Executive Officer Seoungho Jin said in an interview.