KOREA INVESTMENT CORPORATION ACT

CHAPTER I GENERAL PROVISIONS

Article 1(Purpose) #

The purpose of this Act is to establish the Korea Investment Corporation to efficiently perform the management of assets entrusted by the Government, the Bank of Korea, etc., thereby contributing to the development of the financial industry.

Article 2(Definitions) #

The term "entrustment of assets" in this Act means entrusting the management of assets held by the Government, the Bank of Korea, or the management entity of the Fund under the National Finance Act (hereinafter referred to as "entrusted institution") to the Korea Investment Corporation (hereinafter referred to as the "Corporation"), and paying fees to the Corporation in return for such management. <Amended on Mar. 31, 2020>

Article 3(Juristic Person) #

The Corporation shall be a juristic person.

Article 4(Offices) #

(1) The location of the main office of the Corporation shall be provided in its articles of incorporation.

(2) The Corporation may, when necessary for performing its duties, establish branch offices or business offices as provided in its articles of incorporation. <Amended on Jun. 9, 2020>

Article 5(Capital stock) #

The capital of the Corporation shall be one trillion won and fully invested by the Government.

Article 6(Articles of Incorporation) #

(1) The articles of incorporation of the Corporation shall include the following: <Amended on Jun. 9, 2020>

KOREA INVESTMENT CORPORATION ACT

Article 1(Purpose) #

Article 2(Definitions) #

Article 3(Juristic Person) #

Article 4(Offices) #

Article 5(Capital stock) #

Article 6(Articles of Incorporation) #

Article 7(Registration) #

Article 8(Prohibition on Use of Similar Name) #

Article 9(Establishment and Function of Operation Committee) #

Article 10(Composition of Operation Committee) #

Article 11(Qualifications for and Appointment of Nongovernmental Committee Members) #

Article 12(Operation) #

Article 13(Prohibition of Divulging Confidential Information) #

Article 14(Committee for Recommendation of Candidates for Nongovernmental Members) #

Article 15(Executive Officers) #

Article 16(Qualification for Executive Officers) #

Article 17(Appointment or Dismissal of Executive Officers) #

Article 18(President Recommendation Committee) #

Article 19(Duties of Executive Officers) #

Article 20(Responsibility of Executive Officers) #

Article 21(Term of Office of Executive Officers) #

Article 22(Grounds for Disqualification of Executive Officers) #

Article 23(Guarantee of Status of Executive Officers) #

Article 24(Board of Directors) #

Article 25(Appointment of Representative) #

Article 26(Internal Control Standards) #

Article 27(Appointment and Dismissal of Employees) #

Article 28(Obligation of Prohibition of Concurrent Office) #

Article 29(Scope of Business) #

Article 30(Contract for Entrustment of Assets) #

Article 31(Purposes of Operation of Assets and Methods of Operation) #

Article 32(Fiscal Year) #

Article 33(Classification of Accounting) #

Article 34(Reversion of Operating Proceeds and Operating Fees) #

Article 34-2(Appropriation of Loss and Profit) #

Article 35(Supervision) #

Article 36(Public Announcement) #

Article 37(Non-Disclosure of Data Related to Management and Asset Management) #

Article 38(Relationship to Other Statutes) #

Article 39(Legal Fiction as Public Officials for Purposes of Applying Penalty Provisions) #

Article 40(Penalty Provisions) #

Article 41(Administrative Fines) #