South Korea’s Pension Fund to Adopt New Hiring Policy Amid Staff Exodus
South Korea’s National Pension Service (NPS) has reportedly decided to introduce a new hiring policy for its portfolio managers.
According to the new policy, one of the largest pension funds in the world now wants to hire fresh talents and nurture them instead of hiring experienced managers as it currently does.
To date, the NPS has hired only experienced professionals for portfolio manager positions. Since the pension manages massive assets — about 675 trillion South Korean won ($571 billion) – the emphasis on experience makes sense.
The pension’s move toward a new direction comes amid continuous exodus of its staff members, especially portfolio managers.
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