Published : Oct. 27, 2015 - 13:28
National Pension Service chairman Choi Kwang resigned Tuesday after weeks of internal conflicts with the Health Ministry which is in charge of the agency.
Ministry officials said chairman Choi offered his resignation to the ministry early in the day, adding that his leaving ceremony will take place at 4 p.m. at its headquarters in Jeonju, North Jeolla Province.
NPS chairman Choi Kwang
Choi had been at odds with the agency’s chief investment officer Hong Wan-seon who promoted the spinoff of the fund management bureau from the NPS. The separation plan was backed by the ministry.
The controversy flared up as chairman Choi notified Hong of his plan not to extend his two-year term, which expires on Nov. 3.
Choi has led the NSP, the nation’s largest investor, for two-and-half years, since May 2013. (khnews@heraldcorp.com)