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S.Korea’s sovereign fund KIC logs 8.5% return in 2024

Korea Economic Daily LogoKorea Economic Daily9h ago

S.Korea’s sovereign fund KIC logs 8.5% return in 2024 - Korea Economic Daily

Quick Summary:

KIC’s annual investment return on traditional assets – equities and debts – stood at 9.30% last year, 3 basis points (bps) higher than the return on the benchmark index.“While high inflation and geopolitical news kept markets highly volatile, KIC achieved stable returns and remains resilient for the long term,” KIC Chief Executive Park Il Young said in a statement.

The Korea Investment Corporation (KIC) reported an annual return of 8.49% last year thanks to steady gains from equity investments led by the AI tech stock rally and projected high market volatility this year amid lingering geopolitical and global economic uncertainties.

ASSETS The solid return on equity investments last year was largely owed to the strong global stock markets led by AI and technology sectors, defying inflation concerns, KIC said.

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Article Details

Category: Economy

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-28 @ 15:25:55 (9 hours ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 500 words

Reading Time: 3 minutes read

Sentences: 27 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Korea Economic Daily

News ID: 26504280

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Main Topics: Economy

Official Website: kedglobal.com

Update Frequency: 6 posts per day

Year Established: 1964

Headquarters: South Korea

News Last Updated: 4 hours ago

Coverage Areas: South Korea

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Publisher ID: #91

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