콘텐츠 바로가기
로그인
컨텐츠
  • HOME
  • SEARCH
PLUS Text Size MINUS RESET
FACEBOOK TWITTER Linked In

Category Open

Resources

tutorial

Collection of research papers and materials on development issues

home

Resources
Economy Financial Policy
Government and Law Others

Print

Sovereign wealth funds : A case study of Korea Investment Corporation

Related Document
Frame of Image
  • Sovereign wealth funds
  • Paltrinieri, Andrea; Pichler, Flavio; Miani, Stefano
  • Academic Star Publishing Company


link
Title Sovereign wealth funds
Similar Titles
Sub Title

A case study of Korea Investment Corporation

Material Type Articles
Author(English)

Paltrinieri, Andrea; Pichler, Flavio; Miani, Stefano

Publisher

[New York] : Academic Star Publishing Company

Date 2014-09
Journal Title; Vol./Issue Journal of Business and Economic:Vol. 5(No. 9)
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Financial Policy
Government and Law < Others
Holding Academic Star Publishing Company
License

Abstract

Based on “in-depth study”, the aim of the paper is to investigate Korea Investment Corporation (KIC), a non-commodity Sovereign Wealth Fund, in order to analyze its investment strategies over the time (2005-2012) and evaluate any form of “political bias”. Our results suggest that KIC pursues financial objectives, aiming to maximize the portfolio risk/return relationship, as it manages foreign excess reserves of those managed by Bank of Korea. We also argue that a form of “internal political bias” affects investment process, as most of the financial resources are managed in-house. Overall, we support the hypothesis that in Korea Investment Corporation both financial and political objectives coexist.