2024 Annual Report

As Korea’s only sovereign wealth fund and one that strives to be a global leader, KIC has established broad and close networks with financial investment institutions around the world. These networks serve as a key driver of KIC’s competitiveness by expanding access to superior investment information and high-quality opportunities, as well as securing advantageous positions during investment negotiations. For sustainable investment to gain traction, dialogue and cooperation among global institutional investors are essential. Recognizing this, KIC will strengthen its sustainable investment cooperation framework by diversifying partnerships as a financial investor representing South Korea in international capital markets.

Building a Global Network with Sovereign Wealth Funds

KIC is building a close-knit global network through mutual cooperation with sovereign wealth funds. Since 2009, we have signed MOUs for cooperation with multiple funds to share investment information and engage in other forms of exchange.

PRI

KIC joined the Principles for Responsible Investment^PRI in 2022. The PRI is the world’s largest responsible investment organization, established under UN leadership in 2006. It has more than 5,300 member institutions managing approximately USD 128 trillion in assets. Through PRI activities, KIC aims to expand its global network and strengthen its responsible investment capabilities to become a global leader in responsible investing.

IFSWF

The International Forum of Sovereign Wealth Funds^IFSWF is an organization of sovereign wealth funds that helps its more than 30 members implement the Santiago Principles, which are 24 Generally Accepted Principles and Practices for sovereign wealth funds. The organization also conducts research, represents its members’ views to the broader community and facilitates knowledge sharing among members. KIC has been an active member of the IFSWF since the group’s inception in 2009 and remains committed to the Santiago Principles.

ICGN

Established in 1995 as an investor-led organization, the International Corporate Governance Network^ICGN aims to contribute to long-term value creation and sustainable development by improving corporate governance and stewardship practices. The policy positions of ICGN, guided by its Global Governance Principles and Global Stewardship Principles, serve as standards for corporate governance and stewardship among global companies and investors. KIC became the first Korean investor to join ICGN in 2017 and endorse its global stewardship principles.
Through ICGN, KIC engages with more than 320 member organizations in 45 countries on stewardship principles and related topics. As a global investor, we strive to comply with these principles and promote shareholder rights and sustainable investment.

OPSWF

Established in 2017, One Planet Sovereign Wealth Funds^OPSWF seeks to comprehensively address climate-related financial risks and opportunities from the perspective of long-term asset management. KIC joined the group, now 19 members, in 2020, with French President Emmanuel Macron announcing our membership at the OPSWF CEO Summit. As an OPSWF member, KIC aims to play a more active role in climate discussions and improve long-term returns by sharing best practices.

TCFD

The Task Force on Climate-related Financial Disclosures^TCFD was established in 2015 at the request of G20 finance ministers and central bank governors. The TCFD provides guidelines for businesses and financial institutions to effectively disclose climaterelated information. In 2020, KIC became the first public institutional investor in Korea to publicly endorse the TCFD and, at an OPSWF Summit that year, joined One Planet members in making statements of support for driving TCFD recommendations as a global standard.
Since 2022, KIC has been conducting climate scenario analyses in line with TCFD recommendations and discloses the results annually in its Sustainable Investment Report.