National Pension Service

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

The National Pension Service of Korea (NPS; Hangul: 국민연금) is a public pension fund for South Korea. It is the fourth largest in the world[1] with $300 billion in assets, and 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.
  2. ↑ 2.0 2.1 Shin, Saeromi (September 13, 2010). "Korea's Biggest Investor to Find Its Voice to Improve Corporate Governance". Bloomberg.
  3. ↑ Zuckerman, Gregory (October 11, 2010). "Korean Fund, KKR Partner On a Deal". Wall Street Journal.

External links