National Pension Service Archives | Be Korea-savvy
NPS to Raise Ceiling for Portion of ‘Strategic’ Investment in Domestic Stocks

NPS to Raise Ceiling for Portion of ‘Strategic’ Investment in Domestic Stocks

SEOUL, April 9 (Korea Bizwire) — South Korea’s top institutional investor National Pension Service (NPS) said Friday it will raise the ceiling for the portion of its “strategic” investment in local stocks, a move to help ease the fund’s selling spree to meet its stockholding target. Under the latest decision, the ceiling for the share [...]

S. Korea Finalizes Guidelines on Pension Fund’s Shareholder Activism

S. Korea Finalizes Guidelines on Pension Fund’s Shareholder Activism

SEOUL, Dec. 27 (Korea Bizwire) — South Korea on Friday approved proposed guidelines for shareholder activism by the country’s largest state pension fund, paving the way for the fund to press companies it holds stakes in to dismiss board members over breach of trust and other illegal activities. “The guidelines are part of efforts to [...]

In Graying S. Korea, Retirees Delay Receiving Public Pension

In Graying S. Korea, Retirees Delay Receiving Public Pension

SEOUL, May 24 (Korea Bizwire) — At 62, Kim Byung-jong reached public pension age last month. Instead of automatically taking the state pension, Kim, a retired car salesman, asked the National Pension Service (NPS), the operator of South Korea’s state pension fund, to defer his pension for five years. The reason? Delaying his pension will [...]

Pension Payments May Be Halved for Delivery Workers

Pension Payments May Be Halved for Delivery Workers

SEOUL, Sept. 4 (Korea Bizwire) – What do insurance planners, delivery workers, golf caddies, home-school teachers, and designated drivers have in common in Korea? The answer is that they are subscribed as “individual contributors” to the national pension plan. This may change, however, says National Pension Service (NPS) and Ministry of Health and Welfare (MOHW). The [...]