The finance minister of South Korea said the nation will consider allowing hedge funds to operate in the country in an attempt to advance the economy amid competition from foreign manufacturers, according to Agence France Presse.

Kwon O-Kyu stated at a conference that the government is increasing efforts to revitalize the asset management industry through diversified sales channels for funds and deregulation.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.