# National Pension Service

National Pension Service is a Pension Fund based in Jeonju, South Korea.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Jeonju, South Korea
- **Region:** Asia
- **Address:** Jeonju, Jeonbuk-do, South Korea
- **Founded:** 1988
- **Assets under management:** $1.13T (end-Apr 2026)
- **Website:** nps.or.kr
- **LinkedIn:** https://www.linkedin.com/company/korea-national-pension-service
- **Wikidata:** Q6974864

## Regulatory record

- **Reports private funds:** No

## About

The National Pension Service (NPS) is the public entity administering South Korea’s national pension scheme, established via the National Pension Act promulgated in December 1986, with the National Pension Corporation formed in September 1987 and the system implemented in January 1988 (per official NPS history). It manages the National Pension Fund (NPF) on behalf of the Minister of Health and Welfare under policies set by the National Pension Fund Management Committee, aiming to maximize long-term returns while ensuring pension financial stability and providing old-age, disability, and survivor benefits. As of end-April 2026, NPF assets stood at KRW 1,670.7 trillion, positioning it as the world’s third-largest pension fund by total assets (per NPSIM official website). Cumulative contributions and investment income reached KRW 2,123.5 trillion, less expenses of KRW 452.8 trillion. Annualized returns since inception (1988–2025) were 8.04 percent, with strong recent performance including a record 18.8 percent return in 2025. The portfolio (end-April 2026) comprises domestic equity (25.1 percent), global equity (36.2 percent), domestic fixed income (17.6 percent), global fixed income (6.2 percent), alternatives (14.7 percent), and short-term/other assets, with global investments at 55.7 percent and external management at 51.9 percent of financial assets. Headquartered in Jeonju, NPS also conducts responsible investment and governance activities.

## Sectors

- Real Estate
- Infrastructure
- Private Credit
- FinTech
- Secondaries & Special Situations
- Venture Capital

## People

- Kim Sung-joo — Chairman and CEO
- Won-Joo Seo — Executive Fund Director & Chief Investment Officer
- Hahn-Gook Kim — Managing Director, Investment Strategy and Responsible Investment & Governance and FX Management
- Jong-Hee Kim — Managing Director, Risk Management and Legal
- Chang Nam Kang — Managing Director, Investment Operations, IT & External Affairs

## Questions

### What is the most recent AUM of the National Pension Fund?

As of end-April 2026, the National Pension Fund held KRW 1,670.7 trillion in assets under management, equivalent to approximately USD 1.13 trillion (per NPSIM official website).

### When was the National Pension Service established?

The National Pension Act was promulgated in December 1986; the National Pension Corporation was established in September 1987; and the national pension system was implemented in January 1988 (per official NPS history page).

### Where is the National Pension Service headquartered?

The NPS headquarters and National Pension Service Investment Management are located in Jeonju (Deokjin-gu), South Korea (per official websites).

### Who currently leads the National Pension Service?

Kim Sung-joo serves as Chairman and CEO of the National Pension Service; Won-Joo Seo serves as Executive Fund Director & Chief Investment Officer of NPSIM (per official NPS and NPSIM websites as of 2026).

### What is the investment performance of the NPS fund since inception?

The annualized average rate of return from 1988 through 2025 was 8.04 percent, with cumulative investment income of KRW 1,177.9 trillion as of end-April 2026 (per NPSIM official website).

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Last updated: 2026-07-17T21:26:49.000Z

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