Chart: Norway wealth fund's Korean stock exclusions since 2006
Norway’s sovereign wealth fund recently removed a Korean energy firm from its portfolio due to Myanmar regime affiliations. AsianInvestor takes a look at other Korean companies from which the fund has decided to steer clear for different reasons.
Norway's $1.4 trillion sovereign wealth fund, Government Pension Fund Global, recently decided to exclude Korea Gas Corporation due to the risk that the companies contribute to serious violations of individuals’ rights in situations of war or conflict.
The main issue is the company's business collaboration with the state-owned oil company Myanma Oil and Gas Enterprise (MOGE) in the Shwe gas field offshore Myanmar.
In February 2021, the armed forces in Myanmar staged a coup d’éta…
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