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Sovereign Wealth Funds Briefing - Categorized | Market, Trends

S Korea, UAE to step up sovereign fund investment cooperation

Posted on 30 March 2011

South Korea and the United Arab Emirates have agreed to closer cooperation to further the interests of their sovereign wealth funds, an official at Seoul’s presidential committee said Tuesday.

“Both nations agreed to step up efforts to support each other’s state-run funds to make better investments. For example, if the UAE wants to invest in East Asia and yet lacks information, Korea’s sovereign fund could help or jointly invest,” an official at the Presidential Council for Future & Vision said, adding that such cooperation is similar to that announced by Korea’s National Pension Service last year……………………………………..Full Article: Source


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