Investing assets entrusted by the government, Bank of Korea and public funds in the global financial market
KIC is sharpening its competitive edge by building strong partnerships with major sovereign wealth funds, pension funds and other global financial institutions.
KIC continues to build a broad and tight-knit network with sovereign wealth funds, pension funds and other financial institutions around the world. This network is at the heart of our ability to access valuable investment information and promising investment opportunities and secure an advantage in investment negotiations.
KIC is expanding its international network to strengthen collaborations with global sovereign wealth funds. It has signed MOUs for cooperation with multiple funds since 2009 to share investment information and engage in other types of exchange.
In 2022, KIC joined the UN Principles for Responsible Investment (PRI), the world’s leading proponent of responsible investment. Established in 2006 under the leadership of the United Nations, it has more than 5,100 members and approximately USD 121 trillion (KRW 174 quadrillion) in assets under management. KIC aims to become a globally leading responsible investor by expanding its global network and honing its responsible investment capabilities through the UN PRI.
The International Forum of Sovereign Wealth Funds (IFSWF) is an organization of sovereign wealth funds that helps its more than 30 members implement the Santiago Principles, which are 24 Generally Accepted Principles and Practices for sovereign wealth funds. The organization also conducts research, represents its members’ views to the broader community and brings members together to share insights and information. KIC has been an active member of the IFSWF since the group’s inception in 2009. We are committed to adhering to the Santiago Principles.
Established in 1995 as an investor-led organization, the International Corporate Governance Network (ICGN) aims to contribute to long-term value creation and sustainable development by improving corporate governance and stewardship practices. The policy positions of ICGN, guided by the ICGN Global Governance Principles and Global Stewardship Principles, are the standard for global companies’ and investors’ corporate governance and stewardship codes. KIC became the first Korean investor to join ICGN in 2017 and endorse its global stewardship principles.
Through ICGN, KIC communicates with more than 320 member organizations in 45 countries on stewardship principles and other topics. As a global investor, we strive to comply with the stewardship principles and promote the exercising of shareholder rights and sustainable investment.
Established in 2017, the One Planet Sovereign Wealth Funds (OPSWF) aims to comprehensively address climate changerelated financial risks and opportunities from the perspective of long-term asset management. KIC joined the group, now 19 members, in 2020, with French President Emmanuel Macron announcing our membership at the 2020 OPSWF CEO Summit. As an OPSWF member, KIC aims to participate more actively in climate change discussions and better manage investment returns through exchanging best practices.
The Task Force on Climate-related Financial Disclosures (TCFD) was established in 2015 at the request of G20 finance ministers and central bank governors. The TCFD provides guidelines for businesses and financial institutions to effectively disclose climate-related information. In 2020, KIC became the first public institutional investor in Korea to publicly endorse the TCFD and, at an OPSWF Summit that year, joined One Planet members in making statements of support for driving TCFD recommendations as a global standard. In 2022, KIC conducted a climate change scenario analysis in accordance with TCFD recommendations and disclosed the results of it in our 2022 Sustainable Investment Report.