Korea Post savings bureau to double alts, foreign exposure

The savings bureau of state institution Korea Post, which runs the postal and financial services of the country’s post offices, plans to double its overseas allocation by 2020 and is steadily raising its exposure to alternatives and equities. Korea Post has two financial services bureaus: postal savings and postal insurance. They manage $60 billion and $40 billion in assets, respectively. The savings bureau invests about 10% of its AUM overseas and plans to raise that to 20% wit…