Report: Three firms plan $1.6bn Korean fundraising

South Korea’s National Pension Service has sparked off a fundraising drive for buyouts in South Korea shortly after US buyout firm Lone Star was found guilty of stock price manipulation in the country.

Three South Korean-focussed firms are going on the fundraising trail to raise around W1.5 trillion ($1.6 billion) to invest in the region, according to news agency Reuters.

H&Q Asia Pacific, Shinhan Financial Group and Mirae Asset Maps Investments have already received W200 billion from South Korea’s National Pension Service.

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