Most Popular
-
1
Actor Jung Woo-sung admits to being father of model Moon Ga-bi’s child
-
2
Wealthy parents ditch Korean passports to get kids into international school
-
3
Man convicted after binge eating to avoid military service
-
4
First snow to fall in Seoul on Wednesday
-
5
Final push to forge UN treaty on plastic pollution set to begin in Busan
-
6
Korea to hold own memorial for forced labor victims, boycotting Japan’s
-
7
Nvidia CEO signals Samsung’s imminent shipment of AI chips
-
8
Industry experts predicts tough choices as NewJeans' ultimatum nears
-
9
Job creation lowest on record among under-30s
-
10
NK troops disguised as 'indigenous' people in Far East for combat against Ukraine: report
Insurance funds score low on sovereign trust evaluation
By Park Hyung-kiPublished : May 28, 2013 - 20:04
Korea’s state-run funds that manage employment insurance, workers’ safety insurance, agriculture assets, and arts and culture businesses scored “low” in the government’s evaluation of sovereign management trusts, the Ministry of Strategy and Finance said Tuesday.
In a report of over 140 funds to Cabinet members, the Finance Ministry said they performed below average in part due to a lack of professional human resources that can manage those funds worth some 14 trillion won ($12.4 billion).
Meanwhile, the National Pension Service, Korea’s pension fund manager, teachers’ pension and funds managing lines of credit guarantees and deposit insurance performed “exceptionally well,” the ministry said.
The government plans to follow through its principles by increasing the budgets for management funds that received good grades, while those that underperformed will need to operate under tighter spending programs.
(hkp@heraldcorp.com)
In a report of over 140 funds to Cabinet members, the Finance Ministry said they performed below average in part due to a lack of professional human resources that can manage those funds worth some 14 trillion won ($12.4 billion).
Meanwhile, the National Pension Service, Korea’s pension fund manager, teachers’ pension and funds managing lines of credit guarantees and deposit insurance performed “exceptionally well,” the ministry said.
The government plans to follow through its principles by increasing the budgets for management funds that received good grades, while those that underperformed will need to operate under tighter spending programs.
(hkp@heraldcorp.com)
