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.