Market Moves
South Korean Pension Fund Will Buy US Dollars to Boost Sinking Won
The gambit is designed to help the nation’s currency in a deal engineered by its central bank.
Tag: National Pension Service
Asset Allocation
Korean National Pension Fund Loses More Than 8% in 2022
Despite downturn, the $684.5 billion fund’s losses were offset by an increased allocation to alts.
Pensions
Korean Pension Giant Weathers COVID-19 Crash During First Half
The $635.5 billion fund was aided by being overweight in fixed income and underweight in equities.
Korean National Pension Fund Returns 6.81%, Hits $600 Billion in AUM
Pension tops 700 trillion won for first time in 31-year history.
Regulation
Investors Propose Remedy for Korea Discount
Group says Korean equities have ‘chronically underperformed’ for seven years.
Corporate Moves
South Korea Pension Fund Names New CIO
Ahn Hyo-joon, 55, will lead the investment strategy of the world’s third-largest pension fund.
Corporate Moves
Acting CIO of South Korean Retirement Plan Leaves
Cho In-Sik departs amid search for permanent successor at No. 3 biggest public pension program.
Newsmakers
South Korea’s NPS Ends Samsung Trading After “Fat Finger” Folly
Samsung investigating internal systems and controls, promises to compensate investors.
Manager Selection
South Korea Pension Fund Launches CIO Search
Third-largest pension fund has been without permanent CIO since July.
Newsmakers
CIO of National Pension Service, Third-Largest Pension Fund, Resigns
In the aftermath of a scandal, South Korea’s National Pension Service loses CIO Myoun-Wook Kang.
Newsmakers
Former Korean Minister Found Guilty of Pressuring Pension
Ex-health minister sentenced to 2 ½ years for leaning on national pension to approve controversial Samsung merger.