NPS seen to face hurdles in stewardship code adoption
South Korea's biggest pension fund is moving in the right direction but deep ties to segments of the capital market make independent monitoring a challenge, say experts.
The decision by South Korea’s National Pension Service (NPS), which was embroiled in a political scandal involving its former chairman earlier this year, to adopt the country's stewardship code is likely to face some tough challenges in implementation, experts have told AsianInvestor.
The second-largest pension fund in Asia by assets under management according to AsianInvestor’s 2017 list of the top 300 asset owners in the region, announced on December 1 that it would adopt the st…
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