Seoungho Jin will start a three-year term as chief executive officer of Korea Investment Corp. on Tuesday, a KIC spokeswoman confirmed.
Mr. Jin will replace Heenam Choi at the helm of the $183.1 billion, Seoul-based sovereign wealth fund.
The spokeswoman said Mr. Jin led the Presidential Committee on Balanced National Development from 2019 to 2021. Before that, he was an executive at Korea's Ministry of Economy and Finance, where he was most recently head of the international economic affairs bureau.
Further details will be included in a news release to be issued on Tuesday, she said.
