Korean fund considers hiring investment consultant

The KTCU is looking to gradually increase its international exposure.
April 23, 2006
The W13 trillion $13.8 billion Korea TeachersÆ Credit Union is likely to increase its international investments over the next few years, and is considering whether to hire an investment consultant to help it, says Wee Sangkyu, manager of alternative investments for the groupÆs investment team.

The KTCU provides a series of functions for the nationÆs public and private school teachers, ranging from elementary school to university, including savings accounts, insurance products and loans. It is regulated by the Ministry of Education.

About half of its assets, over W6 trillion, are invested in securities portfolios. Another W3 billion or so is lent to members, while the rest is invested in social capital projects such as infrastructure...
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