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South Korea's large pension fund sells dollars to stabilize its currency against the strong US dollar.
South Korea's National Pension Service (NPS), one of the world's largest public pension funds, has been selling dollars to stabilize the South Korean won, which has weakened against the strong US dollar.
The NPS, holding over $810 billion in assets, aims to protect investments through this FX hedging strategy.
The fund typically keeps its investment strategies confidential and did not comment on the recent transactions.
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El gran fondo de pensiones de Corea del Sur vende dólares para estabilizar su moneda frente al fuerte dólar estadounidense.