Korea Investment Corp., South Korea’s $157 billion sovereign wealth fund, is seeking to buy commercial properties in Europe and China, reported The Korea Herald.
The South Korean sovereign wealth fund has purchased overseas commercial properties in recent years as part of efforts to diversify its portfolio. KIC holds the biggest portion of its investments in the United States. And KIC plans to raise the proportion of its investments in such alternative assets as private equities, real estate and hedge funds to 20 percent by 2022 from an actual allocation of 15.6 percent at the end of 2019.
