Korea NPS approves $265.8m commitment

The South Korean public pension scheme has backed domestic renewable funds.

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

The National Pension Service of Korea (NPS) has announced commitments of KRW150 billion ($132.9 million; €116.1 million) each to renewable funds of Samchully Asset Management and Shinhan Alternative Investment 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.

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