South Korea’s National Pension Sells Dollars to Support Won

South Korea’s National Pension Service, one of the world’s largest pension funds, has recently been selling dollars in what appears to be tactical foreign currency hedging to help counter the...

By Daedo Kim, Susie Kang · Bloomberg Markets

South Korea’s National Pension Service, one of the world’s largest pension funds, has recently been selling dollars in what appears to be tactical foreign currency hedging to help counter the won’s recent weakness, according to a person familiar with the matter.