SEOUL, Nov. 6 (Korea Bizwire) — South Korea’s top financial regulator said Monday it will draw up measures by the end of this year to encourage the nation’s state pension fund to invest more in the KOSDAQ market. Choi Jong-ku, chairman of the Financial Services Commission, made the remarks during a meeting with executives of [...]
SEOUL, April 8 (Korea Bizwire) – South Korea’s state pension fund will invest around 1 trillion won (US$866.7 million) in overseas hedge funds for the first time this year as part of its efforts to diversify its investment portfolios, the health ministry said Friday. The plan was submitted to a public pension fund operation committee, which [...]
SEOUL, Oct. 4 (Korea Bizwire) – The financial regulator said Sunday that it will allow public and private pension funds to invest in exchange traded funds (ETFs) in a bid to provide a safer and decent yield-generating investment tool in the low rate environment. An ETF refers to an investment fund traded on stock exchanges [...]
SEOUL, July 10 (Korea Bizwire) – South Korea’s national pension fund operator on Friday decided its official stance on a merger between key subsidiaries of Samsung Group, the country’s leading family-controlled conglomerate, but won’t disclose what the stance is for the time being, officials said. But sources say that the operator decided to support the [...]
SEOUL, Oct. 13 (Korea Bizwire) – The National Pension Service is accelerating its investment overseas by establishing an office in Asia, either in Hong Kong or Singapore, by next year. Ahead of the relocation of its head office to Jeonju in the southwest, it is interpreted as a move to increase its presence in Asia. It will [...]
SEOUL, Oct. 5 (Korea Bizwire) – South Korea’s National Pension Fund has suffered huge losses, as its significant exposure to the nation’s ‘blue-chip’ stocks — such as Samsung Electronics and Hyundai – under-performed a broader drop in the stock market of late. This year, the national fund made additional investments in the top 10 public conglomerates, also [...]
SEOUL, Sep. 7 (Korea Bizwire) – A government-led investment consultative group called the “Co-investment Roundtable of Sovereign and Pension Funds” (CROSAPF) that encompasses sovereign wealth funds, pension fund firms, and global public funds will be formed soon. Hosted by Korea Investment Corporation, a sovereign wealth fund, and sponsored by Korea EximBank, CROSAPF is Korea’s first global-level [...]