Back خدمة التقاعد الوطنية (كوريا الجنوبية) Arabic National Pension Service of Korea German انپیاس Persian Service national des pensions de Corée French 국민연금공단 Korean Serviço Nacional de Pensões da Coreia do Sul Portuguese 國民年金公團 Chinese
 | You can help expand this article with text translated from the corresponding article in Korean. (February 2024) Click [show] for important translation instructions.
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Native name | 국민연금공단 國民年金公團 |
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Romanized name | Gukminyeongeumgongdan |
| Company type | Government-linked company Pension fund (Sovereign wealth fund) |
| Industry | Investment management |
| Founded | 1988 |
| Headquarters | Deokjin District, Jeonju, South Korea |
Key people | Tae-Hyun Kim, chief executive officer |
| AUM |  KRW₩ ₩1,171 trillion (2024) |
| Parent | Ministry of Health and Welfare |
| Website | www |
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]
The system functions as part of a national social security framework, receiving insurance premiums from subscribers, employers, and the state, and providing old-age pensions, survivors' pensions, and disability pensions—thereby contributing to the stability of the state. It is designed to support individuals who have become non-economically active due to old age.
Countries like Japan, Norway, Singapore, and the Netherlands also operate similar centralized systems. A notable difference is that, unlike sovereign wealth funds, only a few countries—including Korea and Japan—invest national pensions into stock markets. Given the fund's size (over ₩500 trillion), it often appears in financial news as a kind of “relief pitcher” during market volatility.
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]
Since 2022, Tae-Hyun Kim is the CEO of the fund.[6]
In May 2024, NPS announced its intention to aim for a 65% ratio of risky assets.[7] As of 2024, out of ₩1,101 trillion the fund had invested ₩597 trillion in assets outside Korea and ₩504 trillion domestically.[8]
In June 2024, NPS and the Korean Central Bank agreed to expand their currency swap line from $35 billion to $50 billion.[9] In December 2024, the swap line was expanded to $65 billion.[10]
The NPS is currently[when?] in annual surplus, recent surpluses have been between 1% and 5% of GDP.[11]
- ^ "Korean fund buys stake in Colonial Pipeline". FT. August 23, 2010.
- ^ "Korean National Pension Fund Returns 6.81%". ai-cio.com. July 15, 2019.
- ^ Jung-hwan, Hwang; Sul-gi, Lee (18 July 2021). "NPS to raise exposure to Kosdaq-listed blue chips".
- ^ Ebosele, Lucky (16 November 2023). "South Korean Pension Fund Sees 40% Profit on $20M Coinbase Bet".
- ^ Murray, Barbara (30 January 2017). "SL Green Partners Up on $3B NYC Office Project".
- ^ "South Korea's NPS appoints Kim Tae-hyun as CEO". Asia Asset Management. 2022-09-05. Retrieved 2025-06-08.
- ^ "S.Korea pension fund targets ratio of risky assets at 65% in new portfolio". Reuters. 2024-05-02. Retrieved 2025-06-08.
- ^ Suk-yee, Jung (2024-06-13). "National Pension Service Made Earnings 20 Times More Than Samsung in 2022". Businesskorea. Archived from the original on 2024-11-19. Retrieved 2025-06-08.
- ^ Kim, Cynthia (2024-06-21). "South Korea expands currency swap with pension fund as won tumbles". Reuters. Retrieved 2025-06-09.
- ^ "South Korea pension fund, central bank expand FX swap line as won drops". Reuters. 2024-12-19. Retrieved 2025-06-09.
- ^ "OECD (2022), OECD Reviews of Pension Systems: Korea". OECD iLibrary. OECD Publishing, Paris. 2022-09-22. Retrieved 2023-07-13.
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