Professional Pensions www.professionalpensions.com Mercer launches IM service in Korea <p><!--summary start--> KOREA - Mercer has set up an investment management business in Korea to help local institutional investors take advantage of global market opportunities. <!--summary end--></p> https://www.professionalpensions.com/news/1020989/mercer-launches-im-service-korea https://www.professionalpensions.com/news/1020989/mercer-launches-im-service-korea Tue, 27 Sep 2011 11:21:11 +0000 NPS injects $234m into Titleist consortium - reports <p><!--summary start--> SOUTH KOREA - The National Pension Service is understood to be investing 250bn won ($234.3m) into a Korean-led consortium for its project to buy golfing equipment brand Titleist, according to reports. <!--summary end--></p> https://www.professionalpensions.com/news/2083744/nps-injects-usd234m-titleist-consortium-reports https://www.professionalpensions.com/news/2083744/nps-injects-usd234m-titleist-consortium-reports Mon, 4 Jul 2011 12:20:59 +0000 Korean sovereign wealth fund adopts non cap-weighted indices <p><!--summary start--> KOREA - The $37bn Korea Investment Corporation has chosen three FTSE non-capitalisation weighted indexing strategies making it the first Korean institutional investor to take this route, according to the FTSE Group. <!--summary end--></p> https://www.professionalpensions.com/news/2078791/korean-sovereign-wealth-fund-adopts-cap-weighted-indices https://www.professionalpensions.com/news/2078791/korean-sovereign-wealth-fund-adopts-cap-weighted-indices Tue, 14 Jun 2011 13:42:02 +0000 Korean fund to buy stake in Brazil mining firm <p><!--summary start--> SOUTH KOREA/JAPAN/BRAZIL - South Korea's National Pension Service and Posco, the world's third-biggest steelmaker, will buy a combined 15% stake in a Brazilian niobium producer with a group of Japanese companies. <!--summary end--></p> https://www.professionalpensions.com/news/2030448/korean-fund-stake-brazil-mining-firm https://www.professionalpensions.com/news/2030448/korean-fund-stake-brazil-mining-firm Thu, 3 Mar 2011 13:59:00 +0000 Korea pension may form private equity fund for energy <p><!--summary start--> SOUTH KOREA - National Pension Service, South Korea's biggest investor, may set up a private equity fund with businesses including Samsung and Hyundai, to invest in overseas resource development. <!--summary end--></p> https://www.professionalpensions.com/news/1934673/korea-pension-form-private-equity-fund-energy https://www.professionalpensions.com/news/1934673/korea-pension-form-private-equity-fund-energy Tue, 4 Jan 2011 11:45:00 +0000 Korea fund buys US oil pipeline stake from Chevron <p><!--summary start--> SOUTH KOREA/US - South Korea's National Pension Service said it has bought a stake in Colonial Pipeline Co, operator of the largest pipeline linking US Gulf Coast refiners and East Coast markets, to diversify its portfolio. <!--summary end--></p> https://www.professionalpensions.com/news/1002473/korea-fund-buys-oil-pipeline-stake-chevron https://www.professionalpensions.com/news/1002473/korea-fund-buys-oil-pipeline-stake-chevron Tue, 12 Oct 2010 12:42:01 +0000 Korea's pension explosion <p><!--summary start--> George Coats speaks to industry officials about how a change to Korea's tax structure will spur massive growth in the country's second pillar system <!--summary end--></p> https://www.professionalpensions.com/feature/1063202/korea-pension-explosion https://www.professionalpensions.com/feature/1063202/korea-pension-explosion Mon, 4 Oct 2010 14:23:00 +0000 South Korea NPS hires Rockspring for European property <p><!--summary start--> SOUTH KOREA/EUROPE - The National Pension Service of Korea has hired Rockspring Property Investment Managers to invest $400m in commercial property across Europe. <!--summary end--></p> https://www.professionalpensions.com/news/1007053/south-korea-nps-hires-rockspring-european-property https://www.professionalpensions.com/news/1007053/south-korea-nps-hires-rockspring-european-property Tue, 14 Sep 2010 12:20:00 +0000 Korea No.1 fund to find voice in corporate governance <p><!--summary start--> SOUTH KOREA - National Pension Service, South Korea's biggest investor, said its days as a passive investor are coming to an end and that it will begin raising its voice to improve corporate governance and the value of its shareholdings. <!--summary end--></p> https://www.professionalpensions.com/news/1010512/korea-no1-fund-voice-corporate-governance https://www.professionalpensions.com/news/1010512/korea-no1-fund-voice-corporate-governance Mon, 13 Sep 2010 09:44:13 +0000 Korea Pension in talks to buy US oil pipeline stake <p><!--summary start--> SOUTH KOREA - National Pension Service, South Korea's biggest investor, said it is in talks to buy into a US oil pipeline to diversify its portfolio. <!--summary end--></p> https://www.professionalpensions.com/news/1012227/korea-pension-talks-us-oil-pipeline-stake https://www.professionalpensions.com/news/1012227/korea-pension-talks-us-oil-pipeline-stake Mon, 23 Aug 2010 10:52:00 +0000 Korean Pension Service confirms Paris property deal <p><!--summary start--> KOREA/FRANCE - Hammerson has agreed to sell 51% of its interest in a Paris shopping centre to the National Pension Service of Korea (NPS) for €217m ($278m). <!--summary end--></p> https://www.professionalpensions.com/news/1728728/korean-pension-service-confirms-paris-property-deal https://www.professionalpensions.com/news/1728728/korean-pension-service-confirms-paris-property-deal Thu, 19 Aug 2010 10:59:13 +0000 Korea pension to invest $300m in French mall <p><!--summary start--> SOUTH KOREA/FRANCE - South Korea's National Pension Service said it plans to buy a 51% stake in a shopping mall near Paris for about 350bn won ($300m), adding to property investments in London and Berlin. <!--summary end--></p> https://www.professionalpensions.com/news/1728244/korea-pension-invest-usd300m-french-mall https://www.professionalpensions.com/news/1728244/korea-pension-invest-usd300m-french-mall Tue, 17 Aug 2010 11:42:05 +0000 Korea Pension Fund to Boost Domestic Stock Weighting <p><!--summary start--> KOREA - South Korea's National Pension Service plans to spend a net KRW6.9trn (US$5.6bn) boosting its domestic equity allocation next year, predicting gains as growth in the country outpaces the global economy. <!--summary end--></p> https://www.professionalpensions.com/news/1015283/korea-pension-fund-boost-domestic-stock-weighting https://www.professionalpensions.com/news/1015283/korea-pension-fund-boost-domestic-stock-weighting Wed, 30 Jun 2010 10:56:00 +0000 G20 leaders urged to reform shareholder rights <p><!--summary start--> GLOBAL - The International Corporate Governance Network (ICGN) called on G20 leaders gathered in Toronto at the weekend to strengthen shareholder rights in the aftermath of the global financial crisis. <!--summary end--></p> https://www.professionalpensions.com/news/1719589/g20-leaders-urged-reform-shareholder-rights https://www.professionalpensions.com/news/1719589/g20-leaders-urged-reform-shareholder-rights Mon, 28 Jun 2010 14:54:00 +0000 BNY Mellon gets go-ahead for Korean discretionary management business <p><!--summary start--> South Korea - BNY Mellon Asset Management is to offer discretionary management services in Korea after receiving approval from the country's Financial Services Commission. <!--summary end--></p> https://www.professionalpensions.com/news/1022001/bny-mellon-ahead-korean-discretionary-management-business https://www.professionalpensions.com/news/1022001/bny-mellon-ahead-korean-discretionary-management-business Tue, 22 Jun 2010 14:05:40 +0000 Korea Pension gets investment approach for US oil pipeline <p><!--summary start--> SOUTH KOREA - South Korea's National Pension Service, the nation's biggest investor, said an asset manager which is bidding for a US oil pipeline approached it about possible investment. <!--summary end--></p> https://www.professionalpensions.com/news/1653289/korea-pension-investment-approach-us-oil-pipeline https://www.professionalpensions.com/news/1653289/korea-pension-investment-approach-us-oil-pipeline Tue, 8 Jun 2010 10:42:43 +0000 South Korean pension assets set to soar by year-end <p><!--summary start--> SOUTH KOREA - Corporate pension assets in South Korea could nearly triple by the end of the year to KRW40trn (US$32bn) once new tax rules come into effect, Towers Watson estimates found. <!--summary end--></p> https://www.professionalpensions.com/news/1653047/south-korean-pension-assets-set-soar https://www.professionalpensions.com/news/1653047/south-korean-pension-assets-set-soar Mon, 7 Jun 2010 13:40:00 +0000 South Korea pension fund takes stake in Gatwick <p><!--summary start--> SOUTH KOREA/UK - The US private equity owner of Gatwick airport has confirmed that it will sell a 12% stake to South Korea's state pension fund. <!--summary end--></p> https://www.professionalpensions.com/news/1590233/south-korea-pension-fund-takes-stake-gatwick https://www.professionalpensions.com/news/1590233/south-korea-pension-fund-takes-stake-gatwick Wed, 3 Feb 2010 15:09:34 +0000 Korea Pension Buys Sydney Building for A$685m <p><!--summary start--> AUSTRALIA/SOUTH KOREA - South Korea's National Pension Service, the nation's biggest investor, bought an office building in Sydney for A$685m (US$626m) to diversify its investments as Australia's economy strengthens. <!--summary end--></p> https://www.professionalpensions.com/news/1015022/korea-pension-buys-sydney-building-ausd685m https://www.professionalpensions.com/news/1015022/korea-pension-buys-sydney-building-ausd685m Wed, 6 Jan 2010 13:52:50 +0000 Investors oppose Korea's proposed poison pill <p><!--summary start--> KOREA - Institutional investors with a combined US$2.5trn in assets under management have written Korea's Ministry of Justice asking it to refrain from introducing anti-takeover measures known as poison pills into its Commercial Code. <!--summary end--></p> https://www.professionalpensions.com/news/1566356/investors-oppose-korea-proposed-poison-pill https://www.professionalpensions.com/news/1566356/investors-oppose-korea-proposed-poison-pill Wed, 16 Dec 2009 14:08:54 +0000 Korea NPS buys HSBC London headquarters <p><!--summary start--> SOUTH KOREA/UK - South Korea's National Pension Service has agreed to buy HSBC Holdings' London headquarters for £772.5m (US$1.3bn) in cash. <!--summary end--></p> https://www.professionalpensions.com/news/1003695/korea-nps-buys-hsbc-london-headquarters https://www.professionalpensions.com/news/1003695/korea-nps-buys-hsbc-london-headquarters Mon, 16 Nov 2009 14:43:24 +0000 Ex-CEO of Korea NPS joins Darby Overseas Investments board <p><!--summary start--> SOUTH KOREA - Former president and chief executive of the South Korean National Pension Service (NPS) Ho Shik Kim has joined the board of Darby Overseas Investments, the private equity arm of Franklin Templeton Investments. <!--summary end--></p> https://www.professionalpensions.com/news/1529607/-ceo-korea-nps-joins-darby-overseas-investments-board https://www.professionalpensions.com/news/1529607/-ceo-korea-nps-joins-darby-overseas-investments-board Wed, 19 Aug 2009 14:30:36 +0000 South Korean fund to sell treasuries <p><!--summary start--> SOUTH KOREA - South Korea's National Pension Service has agreed to sell $1.1bn in US treasuries to the Bank of Korea, a central bank official said. <!--summary end--></p> https://www.professionalpensions.com/news/1449952/south-korean-fund-sell-treasuries https://www.professionalpensions.com/news/1449952/south-korean-fund-sell-treasuries Fri, 28 Nov 2008 00:00:00 +0000 Blackstone Group to invest $2bn in South Korea <p><!--summary start--> SOUTH KOREA - Blackstone Group LP, manager of the world's largest buyout fund, will invest US$2bn in South Korean companies, infrastructure projects and real estate, the Korean National Pension Service has said. <!--summary end--></p> https://www.professionalpensions.com/news/1444806/blackstone-invest-usd2bn-south-korea https://www.professionalpensions.com/news/1444806/blackstone-invest-usd2bn-south-korea Thu, 30 Oct 2008 00:00:00 +0000 South Korea's pension fund buys shares <p><!--summary start--> SOUTH KOREA - South Korea's National Pension Service, the nation's biggest investor, said it's buying stocks as the deepening credit crisis made equities cheaper. <!--summary end--></p> https://www.professionalpensions.com/news/1468399/south-korea-pension-fund-buys-shares https://www.professionalpensions.com/news/1468399/south-korea-pension-fund-buys-shares Tue, 28 Oct 2008 00:00:00 +0000 South Korea NPS focuses on domestic bonds <p><!--summary start--> 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. <!--summary end--></p> https://www.professionalpensions.com/news/1467536/south-korea-nps-focuses-domestic-bonds https://www.professionalpensions.com/news/1467536/south-korea-nps-focuses-domestic-bonds Thu, 23 Oct 2008 01:00:00 +0000 South Korea's NPS seeks $5bn more from investors <p><!--summary start--> SOUTH KOREA - South Korea's National Pension Service, the nation's biggest investor, said it's in talks to attract a further US$5bn in foreign capital to invest in domestic assets following similar investments. <!--summary end--></p> https://www.professionalpensions.com/news/1452900/south-korea-nps-seeks-usd5bn-investors https://www.professionalpensions.com/news/1452900/south-korea-nps-seeks-usd5bn-investors Thu, 16 Oct 2008 01:00:00 +0000 S Korea in talks with foreign banks <p><!--summary start--> SOUTH KOREA - The National Pension Service, the world's fifth largest pension fund with US$200bn in assets, has said it is in talks with a couple of foreign banks over stake purchases and will also buy as much as 9trn Korean Won (KRW) ($8.9bn) of South Korean stocks this year, amid the pressure to boost returns by expanding investments overseas and diversifying its current asset allocation from the existing overweight to bonds. <!--summary end--></p> https://www.professionalpensions.com/news/1454869/-korea-talks-foreign-banks https://www.professionalpensions.com/news/1454869/-korea-talks-foreign-banks Mon, 4 Aug 2008 01:00:00 +0000 South Korea NPS shuns US Treasuries <p><!--summary start--> SOUTH KOREA - South Korea's National Pension Fund has moved away from US Treasuries because of low yields, according to reports. <!--summary end--></p> https://www.professionalpensions.com/news/1463499/south-korea-nps-shuns-us-treasuries https://www.professionalpensions.com/news/1463499/south-korea-nps-shuns-us-treasuries Thu, 27 Mar 2008 00:00:00 +0000 Korea looks to energy and minerals <p><!--summary start--> SOUTH KOREA - The National Pension Service (NPS) has confirmed it is to invest almost US$22bn over the next ten years as it seeks to buy into energy and mineral resources. <!--summary end--></p> https://www.professionalpensions.com/news/1448326/korea-looks-energy-minerals https://www.professionalpensions.com/news/1448326/korea-looks-energy-minerals Mon, 17 Dec 2007 00:00:00 +0000 Utilities fund targets South Korea <p><!--summary start--> SOUTH KOREA - Prudential Investment & Securities Co. Ltd (PISC) is to launch a utilities fund for institutional and private investors in the South Korean market, sub-advised by ANB AMRO. <!--summary end--></p> https://www.professionalpensions.com/news/1466093/utilities-fund-targets-south-korea https://www.professionalpensions.com/news/1466093/utilities-fund-targets-south-korea Mon, 17 Sep 2007 01:00:00 +0000 NPS builds up its skills <p><!--summary start--> SOUTH KOREA - The National Pension Service (NPS) of the Republic of Korea has reportedly entrusted about US$2bn to the World Bank and two investment firms in an effort to boost its investment skills. <!--summary end--></p> https://www.professionalpensions.com/news/1457495/nps-builds-skills https://www.professionalpensions.com/news/1457495/nps-builds-skills Thu, 26 Jul 2007 01:00:00 +0000 Banks linked to national fund <p><!--summary start--> SOUTH KOREA - The national pension fund has been linked with two domestic bank buyouts despite reportedly denying formal talks. <!--summary end--></p> https://www.professionalpensions.com/news/1454732/banks-linked-national-fund https://www.professionalpensions.com/news/1454732/banks-linked-national-fund Wed, 27 Jun 2007 01:00:00 +0000 South Korean plan faces problems <p><!--summary start--> SOUTH KOREA - Support for the state national pension plan has reportedly plummeted after several government institutions switched to alternative private plans. <!--summary end--></p> https://www.professionalpensions.com/news/1446493/south-korean-plan https://www.professionalpensions.com/news/1446493/south-korean-plan Tue, 12 Jun 2007 01:00:00 +0000 New South Korean partners <p><!--summary start--> SOUTH KOREA - Morgan Stanley and Credit Suisse have been reportedly named as the National Pension Scheme's (NPS) partners as it aims to diversify its overseas investment portfolio and boost returns. <!--summary end--></p> https://www.professionalpensions.com/news/1447204/-south-korean-partners https://www.professionalpensions.com/news/1447204/-south-korean-partners Mon, 4 Jun 2007 01:00:00 +0000 Morgan Stanley sells asset management arm <p><!--summary start--> SOUTH KOREA - A source close to Morgan Stanley have confirmed to Global Pensions it is in talks to sell its South Korean asset management firm. <!--summary end--></p> https://www.professionalpensions.com/news/1468074/morgan-stanley-sells-asset-management-arm https://www.professionalpensions.com/news/1468074/morgan-stanley-sells-asset-management-arm Thu, 10 May 2007 01:00:00 +0000 South Korea to fight foreign takeovers <p><!--summary start--> SOUTH KOREA - The National Pension Fund may help local companies fight off overseas takeover bids to avoid firms falling into foreign hands, according to a government official. <!--summary end--></p> https://www.professionalpensions.com/news/1452906/south-korea-fight-foreign-takeovers https://www.professionalpensions.com/news/1452906/south-korea-fight-foreign-takeovers Thu, 10 May 2007 01:00:00 +0000 GSAM acquires Macquarie-IMM <p><!--summary start--> SOUTH KOREA - Goldman Sachs Asset Management (GSAM) has agreed to acquire 100% of Macquarie-IMM Investment Management (Macquarie-IMM), a Korean asset management firm. <!--summary end--></p> https://www.professionalpensions.com/news/1463433/gsam-acquires-macquarie-imm https://www.professionalpensions.com/news/1463433/gsam-acquires-macquarie-imm Tue, 8 May 2007 01:00:00 +0000 S Korea hunts asset managers <p><!--summary start--> SOUTH KOREA - South Korea's US$202bn National Pension Fund is to commission foreign asset managers to increase its domestic and overseas equity allocation, as bonds fall out of favour. <!--summary end--></p> https://www.professionalpensions.com/news/1463842/-korea-hunts-asset-managers https://www.professionalpensions.com/news/1463842/-korea-hunts-asset-managers Thu, 29 Mar 2007 01:00:00 +0000