National Pension Service

National Pension Service
Type Government-linked company
Pension fund
(Sovereign wealth fund)
Industry Investment management
Founded 1988
Headquarters Seoul, South Korea
Key people Jun Kwang-woo, Chairman, Chief Executive Officer
Website http://www.nps.or.kr/

The National Pension Service of Korea ("NPS") is a public pension fund for South Korea. It is the fourth largest in the world[1] with $300 billion in assets is the largest investor in South Korea.[2]

Activities

The strategy of NPS in 2010 was double its overseas investments to 20 percent by 2015. It forecasts increasing assets to $436 billion by 2015.[2]

Recent transactions includes the purchase of a 23.44% stake in Colonial Pipeline Company in partnership with KKR.[3]

Notes

  1. ^ "Korean fund buys stake in Colonial Pipeline". FT. August 23, 2010. http://www.ft.com/cms/s/0/8dd93514-ae83-11df-9f31-00144feabdc0.html. 
  2. ^ a b Shin, Saeromi (September 13, 2010). "Korea's Biggest Investor to Find Its Voice to Improve Corporate Governance". Bloomberg. http://www.bloomberg.com/news/2010-09-12/korea-s-biggest-investor-to-find-its-voice-to-improve-corporate-governance.html. 
  3. ^ Zuckerman, Gregory (October 11, 2010). "Korean Fund, KKR Partner On a Deal". Wall Street Journal. http://online.wsj.com/article/SB10001424052748703794104575546661977359890.html?mod=wsjcrmain. 

External links