Quebec fund looks to set up shop in Korea

Wednesday 26 July 2000 at 16:00

Caisse de dépôt et placement du Québec is considering setting up an office in Seoul, South Korea, following its earlier decision to invest $100m in the country.

The Montreal-based C$105.5bn Caisse for public pensions and insurance plans in Québec has created a $500m fund with five Korean partners, including Korean Development Bank and Samsung Life Insurance Company. The fund will invest in infrastructure development in country, said a spokeswoman.