NPS CIO’s resignation sparks speculation

It had already been a difficult couple of years for South Korea’s National Pension Service, when its chief investment officer offered to step down on Monday. Market speculation was that he had felt pressured by criticism of his management of human resources and recent appointments he had made. The W578.2 trillion ($513.6 billion) fund announced that Kang Myoung-wook had submitted his resignation, well before his two-year term was due to end on February 15, 2018. According to local…