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National Pension Service
Native name
국민연금공단
國民年金公團
Gukminyeongeumgongdan
Company typeGovernment-linked company
Pension fund
(Sovereign wealth fund)
IndustryInvestment management
Founded1988
HeadquartersDeokjin District, Jeonju, South Korea
Key people
Kim Sung Joo, chairman and chief executive officer
OwnerGovernment of South Korea
ParentMinistry of Health and Welfare
Websitewww.nps.or.kr

The National Pension Service (NPS; Korean: 국민연금공단; Hanja: 國民年金公團; RR: Gukminyeongeumgongdan) is a public pension fund in South Korea. It is the third largest in the world[1] with over $800 billion in assets, and is the largest investor in South Korea.[2]

It is looking to buy a portfolio of blue-chip stocks from emerging markets.[3][4]

On January 30, 2017, NPS opened up an office in New York City's One Vanderbilt.[5]

The NPS is currently[when?] in annual surplus, recent surpluses have been between 1% and 5% of GDP.[6]

Timeline

This section is in list format but may read better as prose. You can help by converting this section, if appropriate. Editing help is available. (November 2022)

Solvency

The scheme is currently in annual surplus. According to projections published 27 January 2023 by the NPS, at the current contribution rates and replacement rate, surpluses are projected to remain until 2041, and the fund to remain solvent until 2055. Due to demographic changes projected to continue, in order for the scheme to remain solvent in the long term it is suggested that, in the next few years, there be an adjustment to the contribution rate somewhere between 1 and 2%.[8]

Notes

  1. ^ "Korean fund buys stake in Colonial Pipeline". FT. August 23, 2010.
  2. ^ "Korean National Pension Fund Returns 6.81%". ai-cio.com. July 15, 2019.
  3. ^ Jung-hwan, Hwang; Sul-gi, Lee (18 July 2021). "NPS to raise exposure to Kosdaq-listed blue chips".
  4. ^ Ebosele, Lucky (16 November 2023). "South Korean Pension Fund Sees 40% Profit on $20M Coinbase Bet".
  5. ^ Murray, Barbara (30 January 2017). "SL Green Partners Up on $3B NYC Office Project".
  6. ^ "OECD (2022), OECD Reviews of Pension Systems: Korea". OECD iLibrary. OECD Publishing, Paris. 2022-09-22. Retrieved 2023-07-13.
  7. ^ "기록물 생산기관 변천정보 > 기관연혁 상세정보". theme.archives.go.kr (in Korean). Retrieved 2018-04-16.
  8. ^ "Ministry of Health & Welfare : News & Welfare Services > Announcement of National Pension Fund Estimate". Ministry of Health and Welfare. 2023-02-01. Retrieved 2023-07-13.

External links

Authority control databases
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