Seoul ponders new pension mega-fund

South Korea's bureaucrats, particularly at the Ministry of Finance and Economy (MoFE), are urging 38 government-related pension funds to chip in a combined W5 trillion ($2.5 billion) into a proposed management entity, in order to get more funds into the local stock and bond markets û and support domestic securities companies. According to fund managers and brokers in Seoul, up to 40% will be slated for domestic equities, probably index funds.