Korea's major hotels and retailers are in high alert ahead of China's Consumer Day on March 15. Through its famous program "Wan Hui," China's state-run channel CCTV has highlighted defects and tricks in certain brands' products and services.
Over the past several years, the focus was placed on multinational companies such as Nissan, Mercedes-Benz, Nikon and Apple. Once the program is aired, it was followed by the Chinese government's regulations and the boycott of local consumers against the products and services.
There are concerns that Wan Hui would focus on Lotte this year primarily because of China's anti-Korea sentiment resulting from the Terminal High Altitude Area Defense (THAAD) issue.
Lotte was already forced to temporarily shut down 55 of its 99 stores in China due to allegations that they violated fire safety regulations. If the suspension of these stores continues for a month, it would reduce Lotte's sales by about 50 billion won.
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