ID :
50537
Sat, 03/14/2009 - 16:07
Auther :
Shortlink :
https://www.oananews.org//node/50537
The shortlink copeid
S. Korea to allow US$20 bln state fund to invest in local assets
SEOUL, March 14 (Yonhap) -- The government plans to submit a bill to allow the
nation's state investment agency, seeded with US$20 billion, to invest in local
assets, officials said Saturday.
If approved by the National Assembly, the bill will open the window for the Korea
Investment Corp. to put money into domestic assets as early as the second-half of
this year, said an official at the Ministry of Finance and Economy.
The bill will also allow foreign sovereign funds to invest in local assets
through partnerships with the South Korean agency, the official said.
(END)
nation's state investment agency, seeded with US$20 billion, to invest in local
assets, officials said Saturday.
If approved by the National Assembly, the bill will open the window for the Korea
Investment Corp. to put money into domestic assets as early as the second-half of
this year, said an official at the Ministry of Finance and Economy.
The bill will also allow foreign sovereign funds to invest in local assets
through partnerships with the South Korean agency, the official said.
(END)
