National Pension Service, 9.7% Return Rate Last Year

[Asia Economy Reporter Park So-yeon] The National Pension Service's provisional rate of return for last year was recorded at 9.7%.

Kwon Deok-cheol, Minister of Health and Welfare and Chairperson of the Fund Management Committee, announced this during his opening remarks at the 2nd meeting of this year’s National Pension Fund Management Committee held on the afternoon of the 24th at the Four Seasons Hotel in Jung-gu, Seoul.

Minister Kwon stated, "The provisional rate of return for the past year is 9.7%, with fund management earnings amounting to approximately 72.14 trillion KRW," adding, "The final rate of return will be announced at the end of June after performance evaluation."

Regarding last year’s National Pension Fund settlement, he reported, "The net assets of the National Pension Service reached 833.7276 trillion KRW, an increase of 97.0738 trillion KRW compared to the end of 2019."

He mentioned, "The domestic financial market showed a strong upward trend due to expectations of vaccine distribution and a macroeconomic policy easing stance, but recently volatility has increased," and emphasized, "In managing the National Pension Fund, it is necessary to closely monitor real macroeconomic indicators and financial market trends related to the COVID-19 situation."

At the meeting, the committee reviewed and deliberated on last year’s National Pension Fund settlement, the status and plans for promoting responsible investment of the National Pension Fund, among other matters. Additionally, the ESG (Environmental, Social, and Governance) shareholder proposal regarding the recommendation of outside directors for problematic companies, reported by the Fiduciary Responsibility Expert Committee, was scheduled for discussion.

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