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The Military Mutual Aid Association (MMAA), South Korea's KRW9.5 trillion (USD8 billion) savings fund, is contemplating investments in international private debt funds and non-performing loan funds early next year. CIO Sang-ho Lee believes there is growth potential in private lending and bad loans in the aftermath of toughened banking regulations. "Banking regulations in the U.S. and Europe are reducing room for banks' lending. In particular, we expect more investment opportunities will come up from Europe which faces greater economic volatility," he added.
Lee declined to provide details of how much MMAA is looking...