US Treasuries Get Vote of Confidence From Korea’s Wealth Fund

Korea Investment Corporation Chairman and CEO, Il Young Park, tells Bloomberg’s David Ingles why the sovereign wealth fund is committed to investing in the US and confident about the outlook for US treasuries and the wider economy.Source: Bloomberg

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By David Ingles, Haram Lim, and Jaehyun Eom

June 30, 2025 at 6:00 PM EDT

South Korea’s $206.5 billion sovereign wealth fund is standing by US Treasuries as a core holding, undeterred by recent market volatility.

“We are happy to invest in US Treasuries in a sense that the bonds give very strong liquidity and stable returns,” regardless of short-term market volatility, Park Il Young, chief executive officer of Korea Investment Corp., said in an interview with Bloomberg.