Korea Pension in talks to buy US oil pipeline stake

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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.

The Korea Economic Daily earlier reported that the pension fund was picked as a preferred bidder to buy 23.44 percent of Colonial Pipeline Co. from Chevron Corp. for about KRW1trn ($847m). Natio...

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