KFCCC eyes foreign safe havens amid local uncertainty
The CIO of the $37 billion South Korean fund sees local stock market risk potentially rising as the country awaits a new president and his or her approach to North Korea.
South Korea has been attracting international attention in recent months for various reasons. There has been the impeachment of President Park Geun-Hye, who was indicted this week; the Samsung Group scandal and the trial of chief executive JY Lee; and growing tensions over North Korea and the deployment of the US Terminal High Altitude Area Defense (THAAD) system.
AsianInvestor asked Jeung Jae-ho, chief investment officer of the Korean Federation of Community Credit Cooperatives (…
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