South Korea’s Pension Fund Faces Backlash Over Chinese AI IPO Bets
The National Pension Service (NPS), which manages the precious retirement funds of the people, has been engulfed in a fierce controversy over transparency and ethical management standards as it was revealed that it has continuously invested in the initial public offerings (IPOs) of Chinese military and security-linked companies. In a situation where major advanced nations, including the United States, are strengthening measures to prohibit investments in Chinese military-related companies amid accelerating U.S.-China security conflicts, criticisms are erupting from within and...
