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South Korea to Amend KIC Law, Establish Domestic Strategic Account With 600 Billion Won Initial Funding

2026-07-16 09:38:26

According to Edaily on July 16, South Korea's government plans to amend the Korea Investment Corporation (KIC) law to establish a separate domestic strategic account within the institution by year-end, enabling KIC to invest in local advanced industries alongside its existing overseas asset management operations. The initiative requires approximately 600 billion won in seed funding, to be sourced from state-owned enterprise dividends and government capital contributions. The law revision will modify existing provisions restricting KIC to overseas foreign-currency asset management, allowing won-denominated domestic investments starting from 2027 pending completion of organizational restructuring and operational framework development.

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