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Japan and South Korea lag on climate action: UK asset manager

LGIM drops Kepco and others from its environmental, social and governance funds

Electric lines stand near a Kepco power plant. The South Korean state-owned utility has been removed from a top U.K. asset manager's funds over poor disclosure.   © Reuters

TOKYO -- Big companies in Japan and South Korea have fallen further behind Western peers in addressing climate change, according to a new report by top U.K. asset manager Legal & General Investment Management.

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