S.Korea’s state-run pension fund posts 9.7% return in 2020 – health ministry
South Korea’s state-run pension fund posted a provisional annual return rate of 9.7% in 2020, Health Minister Kwon Deok-cheol said on Wednesday, as the COVID-19 pandemic drove volatility in global financial markets.
The National Pension Service (NPS) is the world’s third-largest pension fund, with 833.7 trillion won ($750.39 billion) in assets as of the end of 2020.
Last year’s annual rate of return was lower than 2019’s 11.3%, which was the highest on record since the National Pension Service Investment Management, a fund management organisation of the NPS, was founded in November 1999, according to the health ministry.
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