Korea No.1 fund to find voice in corporate governance

clock

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.

The state fund, with $258bn in assets, owns 4% of stocks in the South Korean market. Chairman Jun Kwang Woo said he'll become more vocal as the fund's share holdings rise to as much as 8% of the ma...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on South Korea

Mercer launches IM service in Korea

KOREA - Mercer has set up an investment management business in Korea to help local institutional investors take advantage of global market opportunities.

clock 27 September 2011 •

NPS injects $234m into Titleist consortium - reports

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.

clock 04 July 2011 •

Korean fund to buy stake in Brazil mining firm

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.

Saeromi Shin and Sungwoo Park at Bloomberg News
clock 03 March 2011 •
Trustpilot