KIC's president, CEO resigns

KIC's chief investment officer Dong-Ik Lee will serve as interim president and CEO

Dong-Ik Lee
KIC's chief investment officer Dong-Ik Lee will serve as interim president and CEO.

Chong-Suk Choi resigned as president and CEO of Korea Investment Corp., Seoul, the country's $65 billion sovereign wealth fund, a KIC spokesman confirmed Monday.

In a telephone interview, Jangho Lee, KIC's chief spokesman, said Mr. Choi — who had been appointed president and CEO in July 2011, for a three-year period — resigned Oct. 22 for personal reasons.

Mr. Choi couldn't immediately be reached for further comment.

Mr. Lee said a search is underway to fill the positions of president and CEO.

Until a replacement is named, the KIC's chief investment officer, Dong-Ik Lee, will serve as interim president and CEO as well.