John-Bolton-seeks-business-opportunity-in-South-Korea
Former U.S. national security adviser John Bolton (R) and the Rhone Group co-founder Robert Agstinelli shake hands with senior officials of the Nonghyup Cooperative Banking Depositor Protection Fund at the fund’s head office in Seoul, Monday. The fund said that they held an investment-related meeting. Photo courtesy of the Nonghyup Cooperative Banking Depositor Protection Fund

Former U.S. national security adviser John Bolton visited South Korea this week for the second time in less than four months to find out new investment opportunities.

The Nonghyup Cooperative Banking Depositor Protection Fund said Monday that it had an investment-related meeting with Bolton at its head office in Seoul.

The Nonghyup fund said that they discussed the environment of the Asian investment market and the aftermath of the coronavirus outbreak in China.

The fund added that the meeting is a follow-up to Bolton’s visit in late last October, but did not elaborate.

Bolton left the White House last September after disagreeing with President Donald Trump on such issues as North Korean policies.

Then he joined the Rhone Group, which manages $5.5 billion in assets, as a senior adviser. The group’s co-founder Robert Agstinelli also took part in the meeting with the Nonghyup fund.

When Bolton took a flight to Seoul last year, Korean media outlets reported that he pitched private equity opportunities in Asia’s fourth-largest economy.

In particular, Bolton and the Rhone Group reportedly had interests in state-owned Korean funds.

The Nonghyup fund is affiliated with Nonghyup, a federation established in 1961 to enhance the social and economic status of its members, mostly farmers.

 

This article is provided by UPI News Korea. _ ED.