S Korea's $570b pension fund NPS embarks on hiring spree amid equity rout

S Korea's $570b pension fund NPS embarks on hiring spree amid equity rout

The logo of National Pension Service (NPS) is seen at its branch office in Seoul, South Korea, November 4, 2016. REUTERS/Kim Hong-Ji/File Photo

South Korea’s National Pension Service is looking at boosting alternative investments abroad as weak returns domestically and slumping stock markets globally are forcing the world’s third-largest pension fund to seek higher yields.

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