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Responsible investing: South Korea vs Japan edition

Summary:
The South Korean state pension fund, like many other such funds, is moving into responsible investment. With a twist.From the FT overnight:The National Pension Service of Korea has started to assess whether investments in as many as 75 companies — which totalled Won1.23tn (.1bn) at the end of 2018, and include Mitsubishi Heavy Industries, Panasonic, Toshiba and Toyota Motor — should be dropped if it can be proved the companies were linked to Japan’s war efforts.“We are in the process of adopting a new guideline of responsible investment and we are reviewing whether Japanese ‘war crime companies’ should be excluded from our investment list,” Kim Sung-joo, NPS chair, told the Financial Times in Seoul.The move comes after escalating trade tensions between the two countries, a story which

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The South Korean state pension fund, like many other such funds, is moving into responsible...

FT Alphaville
FT Alphaville is a free daily news and commentary service giving finance professionals the information they need, when they need it. In a world where market professionals are inundated with information there is a pressing need to edit and filter, and hopefully sow a few ideas along the way. That’s where the FT Alphaville team comes in.

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