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Prosecutor Seeks to Arrest Head of South Korean Pension Fund

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South Korean prosecutors investigating an influence-peddling scandal that has engulfed President Park Geun-hye said Thursday they are seeking a warrant to arrest the head of the national pension fund, the world’s third-largest. National Pension Service (NPS) Chairman Moon Hyung-pyo acknowledged that he had pressured the fund to approve an $8 billion merger between two Samsung Group units last year while he was head of the health ministry, the special prosecutor’s office told a media...


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