National Pension Service posts double-digit return in assets and profits

National Pension Service (NPS), the third-largest pension fund in the world, posted a double-digit return for the first time in the previous two years in 2023, setting records for assets and profits.

In 2023, the pension fund's total profit was anticipated to have surpassed 100 trillion won, increasing its return to 10% from the previous year's loss of 8.22%.

NPS's assets and profit were anticipated to be impacted by stock market performances. Despite slow economic development, global equities unexpectedly soared in 2023, which contributed to the fund's strong returns. 

NPS has implemented improvements to increase revenue. They increased the power of foreign offices, so they could hire local staff and make prompt investment decisions.

Read more 👇: 
https://www.kedglobal.com/pension-funds/newsView/ked202401020016