Korea Post unit looks to invest in global secondary funds
Savings Bureau of Korea Post, one of South Korea’s largest state-controlled institutional investors, is looking to invest at least $30 million in a global secondary fund. It represents one of the savings bureau’s first forays into alternative investments and follows a similar move by Korea Post’s insurance bureau, AsianInvestor reported.
The savings and insurance units have assets of $50 billion and $30 billion, respectively, and fall under the regulatory remit of the Ministry of Knowledge Economy. GPs will only be considered if they...
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