Negative NPS
![The National Pension Service (NPS) on Thursday reported a negative 8.22 percent rate of return last year due to a contraction in the global economy, the lowest since 1988, when the national pension fund began operation. Pictured above is the NPS's Jongno office building in central Seoul on Thursday. [YONHAP]](https://koreajoongangdaily.joins.com/data/photo/2023/03/02/bf80fa16-4a0b-4f2a-9ad0-993c89925b6d.jpg)
The National Pension Service (NPS) on Thursday reported a negative 8.22 percent rate of return last year due to a contraction in the global economy, the lowest since 1988, when the national pension fund began operation. Pictured above is the NPS's Jongno office building in central Seoul on Thursday. [YONHAP]
with the Korea JoongAng Daily
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