Korea NPS approves $443m in commitments

The South Korean public pension scheme has backed domestic core-platform funds.

Institution: National Pension Service of Korea (NPS)
Headquarters: Jeollabuk-do, South Korea
AUM: $576.5bn
Allocation to alternatives: 10.7%

The National Pension Service of Korea (NPS) has announced commitments of KRW250 billion ($221.5 million; €194.2 million) each to the core-platform funds of Samsung SRA Asset Management and IGIS Asset Management.

As illustrated in the charts below, the $576.5 billion South Korean public pension scheme has a 12.5 percent target allocation to alternative investments that currently stand at 10.7 percent.

Platinum subscribers may click here for the pension’s full profile, including key contacts, allocation strategy and fund investments.