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UPDATE 1-S Korea s pension fund adjusts rules to raise domestic equity allocation

(adds background, official comment) SEOUL, April 9 (Reuters) - South Korea’s National Pension Service (NPS), the world’s third-largest pension fund, on Friday adjusted rules to raise domestic stock allocation for the first time in a decade, in a move to reduce pressure to sell local equities. “The NPS raised the strategic asset allocation (SAA) limit for domestic equity from the current 2.0 percentage points to 3.0 percentage points,” Health and Welfare Minister Kwon Deok-cheol told a meeting. Under the new rules, the NPS can hold domestic stocks in a range of 13.8%-19.8% of the total assets, from the current band of 14.8%-18.8%.

South Korea s SK Group buys 16 3% stake in Vietnamese retailer VinCommerce for $410m

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NPS fails to agree on raising allocation to domestic stocks

NPS fails to agree on raising allocation to domestic stocks
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Top 8 Korea Property Developers: A Complete Guide

Top 8 Korea Property Developers: A Complete Guide
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