Head of S. Korea's sovereign fund quits amid probe by audit office
Social affairsNov 6, 2015
(Yonhap)The head of South Korea's sovereign fund resigned abruptly Friday amid an investigation by the country's audit office into potential wrongdoing by the official.According to the finance ministry, which oversees the Korea Investment Corp. (KIC), Ahn Hong-chul's resignation was accepted by President Park Geun-hye."He unexpectedly tendered his resignation in the morning, citing personal reasons for his decision to step down," the ministry said, without elaborating.Ahn is reigning despite sti