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.