They have teamed up with each other and with overseas investors to boost investment capacity in real estate and infrastructure investments in Europe and North America.
The investment industry lacks coherent sustainability standards, which makes applying them harder, said officials at asset owners and fund houses from Japan, Malaysia and Korea.
The government's plans to stimulate infrastructure could offer sustainable investment opportunities across many sub-sectors. That is drawing the eyes of Asian asset owners.
The two public pension funds are increasingly forming partnerships to grow their property and infrastructure exposure globally. What's the thinking behind this trend?
South Korea's Public Officials Benefit Association plans to gain exposure to US infrastructure assets through private equity funds and co-investments, says its chief investment officer.
The asset owners will likely co-invest with more asset owners outside Korea as they are not able to conduct due diligence amid the lockdown while looking for higher returns.