Korea’s US$200 billion wealth fund is betting on the metaverse and Silicon Valley start-ups

Source: Tech – South China Morning PostSouth Korea’s US$200 billion sovereign wealth fund plans to boost investments in Silicon Valley start-ups as it looks to the metaverse and artificial-intelligence to accelerate its expansion in alternative assets.Seoungho Jin, who took over the reins of Korea Investment Corp in mid 2021, also has his eyes on hotels, which he sees as a good play on the global recovery from the coronavirus pandemic.Jin is looking beyond the recent downturn in listed technology stocks and the wider risks to the…Read More

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