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National Pension Service information


National Pension Service
Native name
국민연금공단
國民年金公團
Romanized name
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]

  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.

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