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The South Korea National Retirement Fund will begin to reduce investments in the coal sector starting next year.
The South Korean Ministry of Health and Welfare stated on Thursday that the National Pension Service (NPS), as the world's third-largest Retirement Fund, will gradually withdraw from investments in the Coal sector starting next year. The Fund will cease investing in companies where coal-fired power generation or production accounts for more than 50% of the average income over three years. These restrictions will take effect for overseas companies next year and for domestic companies in South Korea starting in 2030. Under stricter climate policies, the NPS will need to sell shares in some overseas Coal producers, possibly including shares in Chinese state-owned utility companies. South Korea has pledged to achieve net-zero emissions by the middle of this century, but the government...
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Jason onz : what goes down must come up. knee jerk reaction to political situation. financial sound , so why not buy at cheaper price. only then there is margin for us to make profit.