In Malaysia, the government's economic advisory body, the National Economic Aid Council, said Calpers was a relatively new investor in the region, and might not have complete insight into the value of emerging markets in East Asia.

BBC: US pension fund quits Asian countries

Korean society, though still relatively young today, has to complete its march to affluence while also setting aside for a day--around the year 2050--when barely one worker will support each retiree.

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