Establishment of KIC San Francisco Office in the U.S.

KIC held an online opening ceremony on the 26th, connecting its San Francisco office (left) and its headquarters in Jung-gu, Seoul (right).

[Asia Economy Reporter Park So-yeon] Korea Investment Corporation (KIC) has established a San Francisco office in the United States to serve as a forward base for expanding alternative investments such as North American venture and technology investments.

On the morning of the 26th, KIC held an opening ceremony simultaneously connecting the local San Francisco office and the headquarters in Jung-gu, Seoul via online video conference. The San Francisco office is KIC's fourth overseas base following branches in New York, London, and Singapore. The San Francisco office will operate as an organization under the New York branch.

President Choi Hee-nam said in his commemorative speech, "KIC is currently facing the challenge of preparing for the strengthened new normal environment due to the COVID-19 pandemic and responding to new investment trends such as technological innovation," adding, "We will boldly increase investments in innovative companies leading the new paradigm with a long-term perspective."

To commemorate the event, domestic figures including Yoon Sang-soo, Consul General in San Francisco, Kim Seok-jin, KIC Operating Committee Chairman (Emeritus Professor at Kyungpook National University), and Yoon Tae-sik, Director of International Economic Management at the Ministry of Strategy and Finance, delivered congratulatory videos. Overseas figures such as Jon Gray, Chairman of Blackstone Group, and Eric Wilmes, Head of the Singapore Investment Corporation (GIC) San Francisco office, also sent congratulatory messages via video. Meanwhile, KIC's total assets under management grew to $183.1 billion (approximately 200 trillion KRW) as of the end of last year.

This content was produced with the assistance of AI translation services.