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State pension funds to increase overseas investments

July 29, 2016 - 09:41 By 최희석
[THE INVESTOR] South Korean state-run pension funds will direct more of their investments overseas, they announced on July 29. 




According to their plans, the National Pension Service and the Government Employee Pension Service will raise the proportion of their investments accounted for by 2 to 3 percentage points in 2017.

The proportion of the National Pension Service’s investments accounted for by overseas and alternative investments will be raised to 31.3 percent next year from the current 28.6 percent. The figures for the Government Employee Pension Service will go from 33.7 percent to 35.9 percent.

The two pension services will gradually direct more funds into overseas investments until 2021, with the aim of reaching 40 percent for the NPS, and 44 percent for GEPS.

By Choi He-suk (cheesuk@heraldcorp.com)