Strong dollar, rate cuts boost return of Korean pension funds in H1
Aug 30, 2019
The first-half net income of South Korea’s three major pension funds surged as the strong US dollar against the local currency and an intensifying global rate cut parade boosted returns on overseas equity investments, data showed on Aug. 30. Korea’s state pension fund logged a 7.2 percent return in its portfolio over the January-June period this year, according to a recent disclosure by the stat...