SEOUL, Sept 29 South Korea's National Pension
Service (NPS), the world's third-largest pension fund by assets,
said on Thursday it has filed a suit against Volkswagen
in a German court over the automaker's emissions
The fund is joining a raft of investors suing the German
automaker, which admitted last year to selling 11 million diesel
vehicles worldwide with rigged emissions systems, sending its
NPS, which held 26.7 billion won ($24.30 million) worth of
preferred shares in Volkswagen as of the end of 2015, has made a
damages claim, accusing the automaker of providing "incorrect
information" to investors, an NPS spokeswoman said.
A spokeswoman at Volkswagen's South Korean unit had no
immediate comment when asked about the lawsuit.
Volkswagen faces a combined 8.2 billion euros ($9.1 billion)
in damages claims from investors over its emissions scandal in
the legal district where the car maker is based, a German court
said last week.
About 1,400 lawsuits have been lodged at the regional court
in Braunschweig near Volkswagen's Wolfsburg headquarters, the
($1 = 1,098.8200 won)
(Reporting by Hyunjoo Jin; Editing by Muralikumar Anantharaman)