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Largest Korea Fund to Seek More Investment Quota in China

South Korea’s National Pension Service, the country’s biggest investor, plans to seek approval to buy more yuan-denominated Chinese stocks after using up the initial quota of $100 million it received in March.

The $316 billion pension fund plans to use that allotment by September and will pick two managers “soon” to handle the investments, Chairman Jun Kwang Woo said in an interview in Seoul yesterday. The fund also aims to expand investments to Chinese bonds and so-called alternative investments later, he said, without being more specific.