Korea's state fund KIC moves closer to Silicon Valley with San Francisco office

Korea's state fund KIC moves closer to Silicon Valley with San Francisco office

Korea Investment Corporation CEO Choi Heenam speaks during a press conference at a restaurant in Seoul. KIC photo.

Korea Investment Corporation (KIC), the sovereign wealth fund of South Korea, is opening a new office in San Francisco within the year as it seeks to explore investment opportunities in Silicon Valley, according to Korean media reports.