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S. Korea Teachers Pick Goldman

SEOUL (Reuters) – The Korea's Teachers' Pension Corporation said on Thursday it had entrusted 300 billion won ($290.6 million) to Goldman Sachs Asset Management for overseas investment and strategic partnership.

The asset management firm of Goldman (GS.N: Quote, Profile, Research) was picked out of 16 foreign asset managers operating in South Korea to manage the assets until 2011, the teachers' fund added in a statement.

($1=1032.5 Won)

(Reporting by Kim Yeon-hee; Editing by Keiron Henderson)