South Korea NPS focuses on domestic bonds

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SOUTH KOREA - South Korea's National Pension Service, the nation's biggest investor, plans to cut its overseas investments and buy domestic bonds to help the nation weather its worst financial turmoil in a decade.

The fund will purchase at least 8 trillion won (US$5.7bn) of domestic debt, mostly bonds issued by banks and companies, said Kim Moonsoo, head of the fund's institutional networks and communication...

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