KOREA - The $250bn Korea National Pension Scheme has made two new hires as it initiates its manager-search for a new Korean private equity portfolio.
Kiwon Suh joins the scheme as senior fund manager from Sundai Investments. He will be responsible for appointing an investment consultant to advise the scheme on its private equity portfolio.
Suh will be assisted by Byung Kun Park, who joins the scheme as a junior fund manager. Park joins from the Samsung Fire & Marine Insurance Company.
The Korea National Pension Scheme is expected to announce how much it will allocate to Korean private equity at the beginning of next year.
By Janet Du Chenne
This week's edition of Professional Pensions is out now
Collective defined contribution (CDC) schemes will need clear and transparent governance frameworks, as well as effective communication strategies, to be a success, the Work and Pensions Committee (WPC) has been told.
The aviation sector's constant evaluation of mistakes to improve safety should be applied to defined benefit schemes, as too many are making the same mistakes again and again, latest research shows.
A month of strikes are due to hit 64 universities from tomorrow over major reforms to the Universities Superannuation Scheme (USS).