Korea Investment Corp. (KIC), a US$183 billion sovereign fund ranked among the world’s top 15, recently inaugurated its first office in an emerging market, located in Mumbai. Kiho Kwon, part of KIC’s investment strategy and innovation group, will head the Mumbai office. The fund will also appoint two local experts, including a private equity investment professional. KIC's other overseas offices are in New York, London, Singapore and San Francisco. As of August 2023, SWFs have injected INR 3.65 trillion into India through the FPI Route, showcasing a remarkable year-on-year growth rate of 25%. Korea's significant presence in India's Foreign Direct Investment (FDI) landscape, with major companies like Samsung, LG, Hyundai, Kia, POSCO, and the upcoming Simmtech, underscores the growing partnership between Korea and India in the business and investment sectors.

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