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KIC Nominates New Chief

Korea Investment Corporation has nominated Choi Chong-suk as its next CEO.

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.

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