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[Alpha Biz=(Chicago) Reporter Paul Lee] The National Pension Fund, a national retirement fund, is expected to generate a record profit of more than KRW 100 trillion this year thanks to the improved return on investment on stocks and bonds and the stabilization of the won-dollar exchange rate. The fund has also surpassed 1,000 trillion won, solidifying its status as one of the world's top three pension funds.
According to the investment banking industry on the 25th, the total amount of funds added by the National Pension Service's financial and welfare assets exceeds 1,010 trillion won this month. The return on investment is well over 10%. In the first nine months of this year, the national pension yield is 8.66%.
The National Pension Service surpassed KRW 1,000 trillion for the first time, reaching nearly KRW 1,002 trillion in mid-September this year, but the fund stood at KRW 984.161 trillion as of the end of the third quarter as KRW 1,000 trillion quickly broke due to a fall in domestic and foreign stock markets.
As the fund grows, profits are expected to hit a record high. According to the current trend, the national pension fund's profits will exceed 100 trillion won for the first time in 35 years since its establishment in 1988.
The status as one of the world's top three pension funds is becoming stronger due to such good performance.
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
