KIC’s next CIO likely to be a Korean

Scott Kalb’s three-year contract as chief investment officer at Korea Investment Corporation expires at the end of March and will not be renewed. For much of Kalb’s tenure, industry executives in Seoul had speculated that the American might be retained for another term. Sources say Kalb would have been willing to stay on. However, the silence from KIC’s two shareholders, the Bank of Korea and the Ministry of Strategy and Finance, became deafening, and it has recently become clea…