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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches

South Korea turns to pension to create $3.9bln investment fund

Posted on 03 July 2009

From Globalpensions.com: The South Korean government plans to create a SKR5trn (US$3.9bn) investment fund, partially funded by the National Pension Fund, to invest in local companies and encourage research and development activity.
The Ministry of Strategy and Finance said the investment fund will also be shored up by the government, the Industrial Bank of Korea and other institutional investors………Full Article: Source


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