SEOUL, July 27 (Reuters) - U.S. investment group Franklin Templeton and Hana Bank, a unit of South Korea's Hana Financial Group (086790.KS: Quote, Profile, Research), have set up a 580 billion won ($607.7 million) fund to invest in South Korean infrastructure.

The fund would offer loans or take stakes in infrastructure, energy and environment projects, which guarantee certain levels of returns, the main arm of South Korea's fourth-largest financial services firm said in a statement on Thursday.

The fund, which also includes South Korea's National Pension Service and the information ministry as shareholders, aims to provide investors with yields of more than 10 percent every year during the next 15 years.

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Posted by rjorr at July 26, 2006 8:53 AM