Hoon Lee, the top of Korea Funding Corp.’s funding technique and innovation division, was named chief funding officer, the $205 billion Seoul-based sovereign wealth fund introduced Wednesday.

Mr. Lee replaces Park Dae-yang, whose three-year time period as CIO ended in the beginning of August.

A KIC information launch stated Sean Ok. Lee, the top of KIC’s technique and innovation group, will substitute Hoon Lee as head of the funding technique and innovation division. He’ll retain his group position.

Individually, KIC introduced that Hoseok Jung has been named chief danger officer. Mr. Jung involves KIC from the Financial institution of Korea, the place he “led the Planning and Coordination Division,” the information launch stated.

Mr. Jung replaces Changho Yoo within the CRO position, in keeping with a KIC spokeswoman.