South Korea

SOUTH KOREA - The National Pension Service (NPS) of the Republic of Korea has reportedly entrusted about US$2bn to the World Bank and two investment firms in an effort to boost its investment skills.

SOUTH KOREA - The national pension fund has been linked with two domestic bank buyouts despite reportedly denying formal talks.

SOUTH KOREA - Support for the state national pension plan has reportedly plummeted after several government institutions switched to alternative private plans.

SOUTH KOREA - Morgan Stanley and Credit Suisse have been reportedly named as the National Pension Scheme's (NPS) partners as it aims to diversify its overseas investment portfolio and boost returns.

SOUTH KOREA - A source close to Morgan Stanley have confirmed to Global Pensions it is in talks to sell its South Korean asset management firm.

SOUTH KOREA - The National Pension Fund may help local companies fight off overseas takeover bids to avoid firms falling into foreign hands, according to a government official.

SOUTH KOREA - Goldman Sachs Asset Management (GSAM) has agreed to acquire 100% of Macquarie-IMM Investment Management (Macquarie-IMM), a Korean asset management firm.

SOUTH KOREA - South Korea's US$202bn National Pension Fund is to commission foreign asset managers to increase its domestic and overseas equity allocation, as bonds fall out of favour.

SOUTH KOREA - The government wants to force new job seekers to work five years longer before they can retire as part of a new policy package.

SOUTH KOREA - Mellon Global Investments has opened a representative office in South Korea to develop its asset management capabilities in the region.