South Korea pension fund to relax FX rules to mitigate market impact

South Korea pension fund to relax FX rules to mitigate market impact

FILE PHOTO: People walk past a branch office of the National Pension Service (NPS) in Seoul, South Korea, November 4, 2016. Picture taken on November 4, 2016. REUTERS/Kim Hong-Ji/File Photo

South Korea‘s state pension fund will ease foreign exchange rules to minimise the market impact from its buying of dollars for overseas investments, the welfare ministry said on Thursday.