Korean investors look to NPS as Japan tensions rise

As the trade war between Japan and South Korea escalates, Korea’s largest public pension fund, the $580 billion National Pension Service (NPS), is coming under increasing pressure to divest from companies connected with Japan’s wartime activities. Other Korean asset owners are looking to the NPS for direction, say local observers. Meanwhile, Korea Investment Corporation, the country's $130 billion sovereign wealth fund, is facing calls for its investment rules to be revised in vie…