9th April, 2024
Themes in the South Korean general election, taking place on Wednesday, have highlighted the cost of living, represented by the price of green onions which has soared in recent months – but the elephant in the room that the two main political parties have failed to address is the fact that Koreans born after 1990 are unlikely to receive a pension from the National Pension Service (NPS) when they turn 65.
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19th March, 2024
The height of the pandemic saw sovereign investors plunge capital into e-commerce and logistics real estate, but today the biggest focus of their tech investments is artificial intelligence and machine learning – and this month has seen a surge in activity among state-owned investors.
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4th March, 2024
South Korea’s massive US$800 billion National Pension Service (NPS) could be reversing its global diversification push with reports that it will plunge KRW11 trillion (US$8.2 billion) into domestic public equities, after reporting its best ever annual return.
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6th November, 2023
Korea’s US$779 billion National Pension Service (NPS) has cemented its links with its favored US real estate partner Stockbridge Capital Group by buying a significant minority stake in the company, via a separate account investment program administered by Blue Owl, nearly three years after their US$2 billion logistics property deal.
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1st November, 2023
Among S. Korean pension funds, the Public Officials Benefit Association (POBA) is known for having modernized its approach to asset allocation and for having boosted AuM and returns in the past few years. We had the great pleasure of speaking with the engineer of such change as the fund’s CIO between 2016 and 2022, Mr. Dong Hun Jang, about the country’s pension system, the fund’s history, and the changes he pushed for during his tenure.
6th September, 2023
South Korea’s National Pension Service (NPS) notched up a 9.1% return on investment in H1 2023, securing its position as the world’s second biggest public pension fund with assets under management totalling KRW983 trillion (US$742 billion).
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14th July, 2023
With combined assets under management of US$1.45 trillion, South Korea’s state-owned investors – comprised of one sovereign wealth fund and six public pension funds – are major players in global markets, and their evolving strategies are set to have a significant impact on investment flows, with alternative asset classes set to be the main winners.
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7th September, 2022
South Korea’s National Pension Service (NPS) has appointed a new chair as the fund faces a set of challenges amid an increasingly difficult economic outlook.
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29th August, 2022
One of the world’s largest pension schemes, South Korea’s National Pension Service (NPS), released on Monday its latest results and the numbers are worrisome. In the first half of 2022, the investment manager had an investment return of -8.0%, translating into a loss of US$ 57 billion for South Korean pensioners.
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12th August, 2022
Korea’s state investors are pushing forward with their plans to boost allocations to private markets – and external managers are benefiting from the multi-billion dollar surge in sovereign cash.
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8th June, 2022
Global SWF has taken stock of portfolio losses in local currency terms and finds that the value of state owned investors' AUM has taken a hammering since Russia’s military action in Ukraine with hundreds of billions of US dollars wiped off their portfolios - yet, there is still a chink of light in the gloom.
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2nd May, 2022
Comparing returns across State-Owned Investors is never easy and it always takes a lot of assumptions and disclaimers. Yet, most funds have now reported their FY21 results, and we have looked at the average investment returns for the past six years (which we consider a fair investment cycle) across 20 major SWFs and 20 major PPFs in an apples-to-apples analysis.
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