Legislation paving way for Korean offshore move

South Korea's Ministry of Finance and Economy and Ministry of Planning and Budget are preparing a draft law for the National Assembly that would let approximately 100 government-sponsored asset pools invest in domestic stocks and international securities. Among those affected is the Korea Credit Guarantee Fund, which has W4 trillion ($3.1 billion) of assets under management - all invested in domestic fixed income, mainly government bonds. Gwak Sung-chul, deputy director for inte…