Korea Investment Corporation will establish a Strategic Investment Account starting next year as it expands from managing South Korea’s foreign-exchange reserves overseas into a Korean-style strategic sovereign wealth fund. President Park Il-young said the account will provide ultra-long-term equity capital to industries including semiconductors and artificial intelligence, attract overseas institutions as anchor investors and support companies after policy financing ends. KIC also plans to adopt a Total Portfolio Approach for fund-wide asset allocation, alongside a broader overhaul of its investment governance. The organization manages more than $240 billion, has generated $134 billion in cumulative returns, and reported a 13.9% return last year against a 10-year annual average of 7.3%.