Korea’s Pension Fund NPS Expands Currency Hedging to Bolster Won
South Korea’s National Pension Service, one of the world’s largest pension funds, is revising its rules to permit greater foreign‑exchange hedging as it seeks to ease pressure on the won.
By Daedo Kim, Jaehyun Eom · Bloomberg Markets
South Korea’s National Pension Service, one of the world’s largest pension funds, is revising its rules to permit greater foreign‑exchange hedging as it seeks to ease pressure on the won.