The upward adjustment would allow greater flexibility in responding to market dynamics, he said.“Reforming the pension fund’s structure is only half the battle,” said a local pension specialist.“With the fund’s expected growth, ensuring effective asset management through portfolio diversification and professional oversight is equally important.” TO BUY MORE DOMESTIC STOCKSCurrently, the NPS’ portfolio consists of 35.5% in foreign equities, 28.4% in domestic bonds, 17.1% in alternative investments, 11.5% in domestic stocks and 7.3% in foreign bonds.
The pension fund’s rapid growth is largely attributed to the increased contributions thanks to higher premiums from the NPS subscribers.Of the 99.46 trillion won in total contributions last year, 61.74 trillion won, or 62%, came from pension insurance premiums, while 37.71 trillion won was investment returns.
South Korea’s National Pension Service (NPS) is projected to nearly double its fund size to 3,500 trillion won ($2.38 trillion) by 2050, following a recent reform designed to strengthen its operational strategy and delay fund depletion.
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