Korea Investment Corporation (KIC) has nominated Choi Chong-suk as its next CEO, E-Executive reports. The sovereign wealth fund named Chong-suk internally to replace Chin Young-wook.
Chong-suk’s appointment still requires formal approval by Korean president Lee Myung-bak. KIC is a government-owned investment management firm established by Korean government in 2005.
Click here for the story from E-Executive.
