Korea to launch corporate fund

clock •

KOREA - Plans for a third major pension scheme in Korea will be realised by mid-2002 when the government introduces the Corporate Pension Fund, a private sector fund for Korean companies.

Although the amount to be injected into the fund is yet to be decided, Hyun Jong Nam, deputy general manager of the Korean Investment Trust Company, said the fund will most likely be a defined cont...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on South Korea

South Korea

Mercer launches IM service in Korea

KOREA - Mercer has set up an investment management business in Korea to help local institutional investors take advantage of global market opportunities.

Chris Panteli
clock 27 September 2011 •
South Korea

NPS injects $234m into Titleist consortium - reports

SOUTH KOREA - The National Pension Service is understood to be investing 250bn won ($234.3m) into a Korean-led consortium for its project to buy golfing equipment brand Titleist, according to reports.

Chris Panteli
clock 04 July 2011 •
South Korea

Korean sovereign wealth fund adopts non cap-weighted indices

KOREA - The $37bn Korea Investment Corporation has chosen three FTSE non-capitalisation weighted indexing strategies making it the first Korean institutional investor to take this route, according to the FTSE Group.

Raquel Pichardo-Allison
clock 14 June 2011 •
Trustpilot