Korean NPC to give international bond managers $2 billion

The $77 billion National Pension Corporation of South Korea is likely to outsource $2 billion to international fixed-income fund managers later this year, according to sources close to the organization. This would mark its second foray overseas. At the beginning of the year it mandated a total of W500 billion ($400 million) for international equities to Capital International, Fidelity Investments, State Street Global Advisors and Wellington International Management. NPC's new CIO, K…