KT, NPS, Korea Post set up outbound M&A fund
Korean telecom giant KT Corporation has teamed up with the National Pension Fund (NPS) and Korea Post to form a KRW1 trillion ($883 billion) fund that will make acquisitions overseas. It is the latest of several initiatives launched by Korean corporations and institutional investors to drive outbound M&A.
According to the Korea Economic Daily, NPS and Korea Post have agreed to contribute KRW400 billion and KRW60 billion, respectively, to the KT Global Private Equity Investment Partnership. KB Investment...
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