The South Korean government is stepping up crisis management efforts to better cope with the impact of the impeachment of President Park Geun-hye and the possible hike in the U.S. interest rate.
As part of these efforts, the government decided to extend a policy loan of 200 billion won to the nation's small- and medium-sized travel agencies which are having difficulties due to China's travel restrictions.
After holding a financial market monitoring meeting on March 12, Yim Jong-yong, head of the Financial Services Commission, said, "A variety of internal and external risk factors are emerging, including the political uncertainty ahead of the presidential election, the Korea-China conflict and the possible increase in U.S. interest rates."
He added, "To stabilize the domestic economy, we will extend the government's financial support up to the highest possible level." The government decided to extend preferential loans and guarantees of up to 200 billion won for the nation's small- and medium-sized travel agencies and other related companies starting from this week.
The National Pension Service (NPS) will further increase the proportion of overseas investment with a higher share of global equities, according to its asset allocation plan for the 2017-2022 period. Global equities will make up around 25% by end-2022, versus&hellip
South Korea’s leading asset owners are planning to expand private debt investment this year in pursuit of medium risks and medium returns, setting their eyes on direct lending and mezzanine notes. In a recent poll of the country’s 20 institutional&hellip
Jae-Sang Kim, who had worked with National Pension Service’s (NPS) Chief Investment Officer Myoun-Wook Kang in asset management firms for several years, was appointed on May 24 to lead the global alternative investment division of the $500 billion pension fund. NPS&hellip