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.
"We're buying lot of shares as we view the current level as quite attractive from a long-term perspective," Hong Sung Gi, head of the pension fund's investment strategy division, said by phone in Seoul...
KOREA - Mercer has set up an investment management business in Korea to help local institutional investors take advantage of global market opportunities.
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.
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.
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.
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.