Korea’s NPS Surpasses $530 Billion, Now Needs a Permanent CIO
South Korea’s Ministry of Health and Welfare revealed that funds managed by the National Pension Service (NPS) touched 601 trillion KRW (US$ 533 billion) as of July 24, 2017. Part of the growth can be attributed to the recent returns of the fund investor. Despite the good news in growing assets, the system’s chief investment officer Kang Myun-Wook had resigned earlier in the month. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
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