Its mission is to preserve and enhance the long-term purchasing power of South Korea's sovereign wealth (foreign reserves) through efficient management of public funds in the international financial markets.

KIC manages assets entrusted by the Government, the Bank of Korea, and other public funds as defined under the National Finance Act.

[3][4] Steering Committee The Steering Committee deliberates and resolves the following matters (Article 9 of the KIC Act), including: mid- and long-term investment policies; modification of financial status, such as the increase or decrease of capital; entrustment of assets to KIC; appointment and dismissal of executive officers; approval of budget and account settlement; evaluation of management performance of KIC; inspection of the business.

[5] Statutory Auditor In accordance with the Korea Investment Corporation Act, KIC has an independent audit function separate from the management.

The full-time Statutory Auditor is appointed by the Minister of Economy and Finance through deliberation by the Steering Committee.