[THE INVESTOR] State-run Korea Investment Corporation is under fire for raising welfare spending and inappropriate use of its budget despite a massive drop in profits. According to a report compiled by the parliamentary Strategy and Finance Committee, the KIC’s welfare spending jumped 86.3 percent from 2014 to come in at 6.53 billion won (US$5.73 million) last year. In comparison, its net profit nosedived from 51.4 billion won to 18.7 billion won over the same period. Of the welfare expenditure,