KIC appoints ex-BoK exec for risk role

Korea Investment Corporation, Korea’s sovereign wealth fund, has appointed Hong Taeg-ki as its new chief risk officer. The move follows the appointment of Don Lee Dong-ik as KIC’s chief investment officer, announced last week. Hong is a career Bank of Korea executive, having joined the central bank in 1978. He had served as head of the bank’s reserve management group until last year, as well as CIO and chief risk officer. BoK appointed Choo Heung-sik, another long-serving techno…