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KIC to hedge against inflation

Korea Herald – The CEO of Korea Investment Corp. said yesterday the company would invest $1 billion in inflation-hedging assets such as price-linked bonds, commodities and real estate assets as part of its exit strategy, amid rising concerns over possible "hyper inflation." The nation’s sovereign wealth fund received $3 billion from the Finance Ministry in July, of which it will spend $2 billion in investing in traditional overseas bonds and stocks, and the remaining $1 billion in new alternative investments like inflation-hedging assets.

With the $3 billion included, the KIC now manages a $27.8 billion fund, of which $17 billion came from the Bank of Korea and 10.8 billion from the Finance Ministry.

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