July 2017

31Jul

S. Korea’s NPS to reinforce top investment decision-making body

South Korea’s biggest institutional investor National Pension Service (NPS) is seeking to hold a fund management committee meeting on a monthly basis and add more financial experts to its members in a move to enhance its independence from political influence and investment decision-making role. According to multiple sources from the political circle and the Ministry of Health and Welfare on Friday, the country’s National Assembly is preparing to introduce a revised bill in October that will mandate the NPS’s fund...

July 31, 2017
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May 2017

25May

S.Korea’s pension fund says to raise overseas investment to 40 pct by 2022

South Korea's National Pension Service (NPS), the world's third-largest pension fund, said on Thursday it will raise overseas investment to about 40 percent of assets by 2022, as it continues to diversify investment to minimise risk. The NPS, which had 564 trillion won ($504.34 billion) under management as of February, had 27 percent of assets invested overseas as at the end of 2016. The fund, which estimates assets of $2.2 trillion by 2043, said in a statement it aims to have...

May 25, 2017
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April 2017

17Apr

South Korea. Daewoo Shipbuilding’s Bailout Plan Cleared by Pension Fund

Daewoo Shipbuilding & Marine Engineering Co., the world’s largest shipbuilder, won a reprieve from major bondholder National Pension Service and other lenders, helping avert a payment crisis that had threatened to almost shut the company. The NPS agreed to restructure 1.55 trillion won ($1.4 billion) of bonds issued by the company after the shipbuilder, the Korea Development Bank and Export-Import Bank of Korea took steps to ensure repayment of the debts, the pension service said in a statement April 16....

April 17, 2017
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