Korea raises money from pensions for market stabilization fund

The government will approach public and private pension funds to raise W1.5 trillion by the end of this month.

The Korean government is hoping to raise at least W1.5 trillion $1.33 billion for the introduction of a stock market stabilization fund by the end of this month, said a finance ministry official following a ministerial meeting on Saturday.

The fund will raise money from the domestic pensions industry, which, a government official says, has exhibited a high level of interest in the market rescue operation. The official, Jong-yong Lim, added We are expecting demand to exceed the...

To continue reading, please login or register for free

Click for more on: korea | raises | money | pensions | market | stabilization | fund

Print Edition

FinanceAsia Print Edition


  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...