KOREA INVESTMENT CORPORATION
Government-owned investment organization that administers the sovereign wealth fund of the Government of South Korea. It specializes in overseas investments. Formed by the Korea Investment Corporation Act in July 2005, it was initially created by receiving deposits of $17 billion from the Bank of Korea and $3 billion from the Korean Ministry of Strategy and Finance. KIC has around $55 billion in assets as of this year. Its main thrust is to improve the country’s sovereign wealth and to contribute in developing Korea’s financial industry.
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Liquidity Adjustment Facility
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Electronic storage of information in a business or corporation. It should be secure, reliable and easy to retrieve and manage. It originated in 198 ...
One-Tailed Test
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Less-than-Truckload
A shipping service that carries small loads of freight, weight between partial and full truckload. The service is being offered by many large and n ...
Original Cost
It simply refers to the total cost associated in buying an asset.
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