Seoul weighs independence for asset management at NPC

The $130 billion pension fund may be spun off to run money more professionally.

South Korea's National Assembly is considering giving the country's W133 trillion $130 billion National Pension Corporation more independence in how it runs its affairs and manages the nation's retirement assets.

Cho Koog-jun, executive director and CIO of the NPC's fund management centre, says a decision may be made by the end of this year. The NPC's fund management centre would then be spun off with the aim of professionalizing how it manages money, while the NPC itself would carry on with contribution collection and benefit payments.

The proposal was mooted by the government in September but has stalemated between the ruling Uri party and the...

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