National Pension Fund

The National Pension Fund (국민연금/國民年金) was established under the National Pension Act (국민연금법) to secure financial resources to pay back pension benefits for the insured such as Old-age Pension, Survivor Pension and Disability Pension.

National Pension Fund is run by the National Pension Service (NPS, 국민연금공단/國民年金公團). Its fund reserves reached 300 trillion won in July 2010.

Investment Policies
NPS stresses its principles as stability, profitability, public benefit and welfare, liquidity and independence.

Investments
NPS explains its investment plans through:
 * Strategic asset allocation
 * Tactical asset allocation
 * Asset classification
 * Benchmark by Asset Class
 * - Domestic fixed income: Customized index
 * - Overseas fixed income: Barclays Global Aggregate Index
 * - Domestic equity: KOSPI
 * - Overseas equity: MSCI AC World Index
 * - Alternative investment: Each benchmarks by sub-asset class