韩国2065亿美元主权基金启动最大战略转型 瞄准中美科技赛道对冲地缘风险

Core Insights - Korea Investment Corporation (KIC) is accelerating its investment in the technology sector, planning to significantly increase allocations to global tech startups and venture capital funds to deepen its strategic investments in disruptive technologies like artificial intelligence [1][5] - KIC's CEO Park Il-young revealed that the fund is constructing its tech investment landscape through three main paths: heavily investing in the AI value chain in the public market, leveraging Silicon Valley resources for collaboration with top venture capital firms, and actively seeking investment opportunities in China's tech sector [1][5] Group 1 - KIC manages $206.5 billion in assets and aims to enhance long-term returns by focusing on alternative assets [1] - The fund's U.S. stock holdings account for 65% of its public equity portfolio, with significant positions in Nvidia ($3.1 billion) and Microsoft ($2.7 billion) [1] - KIC's annualized return rate of 4.75% is under pressure compared to peers, prompting a strategic shift towards a "trend foresight + long-termism" investment philosophy [5] Group 2 - KIC is undergoing a qualitative change in its venture capital strategy, viewing early-stage tech investments as a "watchtower" for identifying emerging trends [5] - The CEO's background in renewable energy and experience in nurturing Korea's startup ecosystem contribute to the belief in the value of early positioning in technology investments [5] - KIC maintains a cautiously optimistic view on Chinese tech investments, seeking strategic entry points in hard tech sectors like semiconductors and renewable energy despite geopolitical and macroeconomic challenges [6] Group 3 - The transformation reflects a paradigm shift for sovereign funds in response to the new technological revolution, with KIC adopting a more proactive approach to engage with innovation sources [6][7] - KIC's dual strategy of "infrastructure + application ecosystem" aims to build long-term competitiveness in areas such as data center construction, chip development, and energy revolution [6][7]