Korea NPC moves closer to offshore investment

Four investment consultants are in the race, with Frank Russell and Watson Wyatt tipped to have an edge over William M Mercer and Callan Associates. Frank Russell is a powerful force in Japan, where it has acted for years as the gatekeeper to the Pension Welfare Service Corporation, known as Nenpuku and recently reorganized as the Government Pension Investment Fund – a mandate that opened the door to blue chip Japan's mightiest names. These Japanese institutions have served as role models for South Korea, making Russell's experience of natural interest.