Korean fund giants KIC and NPS to ramp up ESG stewardship on overseas investments

Two of South Korea's largest government funds - the Korea Investment Corporation (KIC) and the National Pension Service (NPS) - have embarked on a series of ESG ownership actions as part of their $500 billion in overseas investments. The measures include exercising shareholder voting rights in overseas investments, and mandatory non-financial performance disclosure reports from overseas companies. Currently the two funds have combined assets under management of $980.6 billion, wit…