Korea Investment Corporation (KIC, President Park Il-young) announced on the 20th that it hosted the 16th New York Korean Finance Forum at the Consulate General in New York on the 19th (local time).
This forum was held to forecast the U.S. stock market for next year, and it was organized by the KIC's New York branch. The presentation was given by Jordan Tenner, a U.S. equity strategist from Valiant Asset Management.
Tenner emphasized, “It is important to understand the impact that the executive order announced just after President Donald Trump's inauguration will have on the market in order to establish next year's stock investment strategy.”
He noted, “There is a possibility of differentiation among sectors in the energy, IT, and healthcare industries, and investments considering the impacts between industries and sectors due to immigration policy and tariff policy are necessary.”
Valiant Asset Management is a hedge fund management firm established in 2001 in Chicago, U.S., managing a total of $23.7 billion in assets as of the end of November 2024.
Meanwhile, KIC has branches in New York and San Francisco in the U.S., London in the U.K., Singapore, and Mumbai in India, establishing a system for sharing investment information and mutual cooperation with local public and private financial institutions.
Lee Kyung-taek, head of KIC's branch, said, “It was an opportunity to look at investment direction ahead of the new administration in the U.S., and we will continue to create opportunities that help investments.”