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Civic group activists protest ahead of the NPS' Investment Management Committee meeting May 28, calling for the NPS' participation in welfare projects South Ko

BUENA PARK, CA - Jamboree Housing Corporation announced that construction has begun on Ascent, a 57-unit supportive housing community in Buena Park, located in northern Orange County near the Los Angeles County border. Ascent is Jamboree’s first Permanent Supportive Housing community in the City of Buena Park and builds upon the commitment both partners have to address chronic homelessness through the creation of more supportive housing communities. Ascent is Jamboree and the City of Buena Park’s third collaboration to create more affordable housing – Park Landing in 2013 and Clark Co...

(Source:　Getty　Images　Bank) The National Pension Service has shelved a plan to introduce negative screening on coal miners and relevant businesses aimed at building a low-carbon portfolio, which failed to get the nod from its top decision-making body on Friday. But the committee endorsed the South Korean pension scheme's decision to authorize its investment division heads to proceed with small-size alternative deals worth up to $100 million respectively, without reporting to its CIO Ahn Hyo-joon, compared to the current threshold of $50 million. On the proposed negative screening, the 2...

(Source:　Getty　Images　Bank) Mirae Asset Global Investments Co. is set to launch a 1 trillion won ($900 million) blind pool fund to invest in US logistics facilities, into which the South Korean investment firm's sister companies will inject 500 billion won. Mirae Asset has recently signed a memorandum of understanding with Korean pension and savings funds to raise the other half of the fund, according to a report from the Maeil Business Newspaper. Mirae confirmed the report on Apr. 29. The fund, dubbed Mirae Asset Maps Global II, will target warehouses in the west and east coasts of the...

(Source:　Getty　Images　Bank) SK Innovation Co. has sold its entire ownership in its US shale oil fields and their relevant facilities, in line with its parent group's efforts to scale back on oil and chemical operations to focus instead on electric vehicle batteries and other eco-friendly businesses.  The South Korean refinery and EV battery maker agreed with Texas-based BenchMark Energy Corp. in January of this year to sell the US assets for an undisclosed sum, SK said on Mar. 7. They are set to complete the transaction this month, which industry watchers estimate at several hundreds o...