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Nat’l Pension Reports Worst Returns in 2022 amid Global Jitters: Data

Nat’l Pension Reports Worst Returns in 2022 amid Global Jitters: Data

SEOUL, May 23 (Korea Bizwire) — South Korea’s state pension operator saw its returns fall to a record low level in 2022, data showed Tuesday, due to the instability in the global financial market amid monetary tightening moves. The National Pension Service (NPS) logged negative returns of 8.28 percent in 2022, marking the lowest level [...]

S. Koreans Born After 1990 Will Not be Able to Claim Their State Pension: Report

S. Koreans Born After 1990 Will Not be Able to Claim Their State Pension: Report

SEOUL, Jan. 14 (Korea Bizwire) — A recent report has called for the need to reform South Korea’s pension system as quickly as possible, given the nation’s rapid population ageing and elderly poverty problem. The Korea Economic Research Institute (KERI), the research arm of the country’s conglomerate lobby Federation of Korean Industries, said in a [...]

S. Korea’s State Pension to Invest $300 mln in Aussie Infra Fund

S. Korea’s State Pension to Invest $300 mln in Aussie Infra Fund

SEOUL, Sept. 25 (Korea Bizwire) — South Korea’s state pension fund will invest US$300 million in an Australian infrastructure fund as it seeks diversification and profitability in its portfolios, a person familiar with the matter said Friday. The National Pension Service (NPS) will join AXA General Insurance, Allianz and APG, the largest pension provider in [...]