01.07.2009 - South Korea's National Pension to spend bulk of $2 bln in property in H2

From Forbes: South Korea's National Pension Service (NPS), the world's No.4 pension fund, has earmarked the bulk of its $2 billion second-half 2009 alternative investment budget for property investment, an official said on Tuesday. NPS is planning to put $2.5 billion in alternative investments for this year, of which $500 million has already been used to buy property, bank loans and other opportunities.........Full Article: Source

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