National pension fund reports 6.99% return on investment

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National pension fund reports 6.99% return on investment

Korea’s national pension fund saw its investment yield rise sharply in 2012 from a year earlier, its operator said yesterday, apparently due to improved returns from stock investment.

The National Pension Service (NPS), the country’s largest institutional investor, said its investment return of 6.99 percent last year brought in 24.9 trillion won, up 4.68 percentage points from a year earlier.

The combined amount of assets held by the NPS reached 391.9 trillion won ($361.6 billion) in December 2012, up 12.4 percent from a year earlier, the operator added.

Yonhap

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