South Korea’s National Pension Service (NPS) will keep its fund management committee’s portfolio review process confidential until 2030 as it could reveal the pension giant’s future policy direction, according to Korean daily PULSE, citing sources from the financial investment industry.
The decision was made at the NPS’s fund management committee meeting on January 26, the local daily reported on February 2.
The committee typically discloses minutes of its meetings the year after they are held.
But South Korean regulations allow for agenda items that are deemed likely to hinder fair execution of fund management or affect financial market stability to only be disclosed after four years.
There is precedent for the NPS’s decision.
According to the Korea Times, when the pension fund increased strategic asset allocation limits and reduced tactical asset allocation limits in 2021, the minutes were kept under wraps for four years.
Spokespersons for the pension fund did not immediately respond to questions from Asia Asset Management.
The NPS is the world’s third largest pension fund, with more than US$942.8 billion of assets under management as of end-2025.
