Korea NPC to replace outsourcing team

Team leader Chang Kil-hoonÆs contract will not be renewed; international allocations may face delay.

The $78 billion National Pension Corporation of South Korea has declined to renew the contracts of two executives running its outsourcing team, Chang Kil-hoon and Lee Ki-hwan, the organization announced yesterday.

People close to the organization say the NPC was not satisfied with the officers' performance a committee of senior executives made the decision. CIO KJ Cho, who joined the NPC in November, is expected to take this opportunity to revamp the outsourcing team with people of his...

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