SEOUL (Reuters) – South Korea’s national pension fund logged a record investment return of 15% last year, the welfare ministry said on Friday.
That is the highest-ever annual return recorded by the National Pension Service (NPS), the world’s third-largest pension fund.
The NPS has been increasing investments in risky and overseas assets for higher returns to delay the depletion of the fund, currently expected in 2055 due to a fast-ageing population.
The fund held a total of 1,213 trillion won ($833.51 billion) in assets at the end of December, according to the ministry.
($1 = 1,455.3000 won)
(Reporting by Cynthia Kim; Editing by Ed Davies)
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