The National Pension Service (NPS) announced on Monday that South Korea’s state pension fund had yielded 10.27 percent from January to October. The total value of assets under management by the end of October was 997.38 trillion won (US$739 billion).
In comparison, the pension fund had a dismal performance in 2019, with a minus 8.28 percent return due to global market instability and economic tightening. This year, however, the pension fund saw a surge in returns, mainly due to the rebound of the global market and beneficial currency rates.
The NPS reported a 17.25 percent return from investments in local stocks, 20.15 percent from overseas stocks, 6.85 percent from local bonds, and 6.37 percent from alternative assets such as real estate.
The NPS’s returns in 2020 and 2021 were 10.77 percent and 10.86 percent, respectively.
The logo of the National Pension Service (Yonhap)
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