China in auto power play
It might not shake up the industry just yet, but China's interest in Volvo and Saab is the start of something big in global autos, writes columnist Wei Gu. Commentary
S.Korea, Blackstone to invest $4 bln in Korea
SEOUL, Oct 30 (Reuters) - South Korea's National Pension Service on Thursday said it had signed a preliminary agreement with private equity firm Blackstone Group (BX.N) to invest $2 billion each in the north Asian country.
"Blackstone plans to invest in alternative asset categories such as infrastructure and real estate as well as domestic stocks and bonds," a statement from the NPS said.
The deal comes as South Korea grapples with the fallout from the global financial crisis, with its won KRW= currency gyrating on persisting dollar shortages.
(Reporting by Marie-France Han; Editing by Keiron Henderson)
