South Korea pension signs US$2.3 billion JV with Allianz

SEOUL: South Korea’s National Pension Service (NPS) said on Monday it signed a US$2.3 billion joint venture with Allianz Group to increase real estate investment in major cities across Australia, Singapore, Japan and China.

The world’s third-largest pension fund said it will increase investment in high-growth countries in Asia to continue to diversify its portfolios. – Reuters