Korea's NPS plans Asia investment office
The fund is mulling Hong Kong or Singapore for an Asian investment office next year. It outlines its five-year plan, saying it will improve global investing, risk management and internal infrastructure.
Korea’s National Pension Service (NPS) has outlined plans to set up an Asian investment office next year, potentially based in Hong Kong or Singapore.
The firm, with $455 billion in assets under management, made the announcement at its fifth fund management committee meeting headed by chairman Moon Hyungpyo, the health and welfare minister, last Friday.
The main thrust of the agenda was to set out the fund’s investment strategy and priorities for the next five years to 2019. Ove…
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