Seoul weighs independence for asset management at NPC

The $130 billion pension fund may be spun off to run money more professionally.

South Korea's National Assembly is considering giving the country's W133 trillion $130 billion National Pension Corporation more independence in how it runs its affairs and manages the nation's retirement assets.

Cho Koog-jun, executive director and CIO of the NPC's fund management centre, says a decision may be made by the end of this year. The NPC's fund management centre would then be spun off with the aim of professionalizing how it manages money, while...

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