S.Korea teachers fund entrusts $300 mln to Goldman

SEOUL, May 8 (Reuters) - The Korea's Teachers' Pension Corporation said on Thursday it had entrusted 300 billion won ($290.6 million) to Goldman Sachs Asset Management for overseas investment and strategic partnership.

The asset management firm of Goldman (GS.N) was picked out of 16 foreign asset managers operating in South Korea to manage the assets until 2011, the teachers' fund added in a statement.

($1=1032.5 Won)

(Reporting by Kim Yeon-hee; Editing by Keiron Henderson)