Korea to be 'major financial player' - government

The Korean government believes it is emerging as a major financial player with its plans to embark on more aggressive and large-scale fund management starting next year.

Source: Korea Herald

According to Korean government sources, the country will manage an estimated $127.68 billion next year culled from the national pension funds and two new asset management corporations.

"If all the plans go as scheduled, the nation could emerge as a major financial body that can compete with other internatio

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