S. Korean pension fund to invest $800 mln in Poland
11:56
South Korea's National Pension Service (NPS) will invest about $800 million in Poland. According to a Reuters press release, the Asian country's pension fund will invest in real estate assets in Poland, including shopping malls and a power transmission tower. The contract is yet to be finalized.
The NPS is the world's fourth largest pension fund. As of the first quarter of this year, the fund has invested 4.9 percent of its assets under management in overseas alternative assets projects including real estate. By the end of 2019, the fund plans to invest 10 percent of its assets in alternative assets.