Korean pension giant National Pension Service’s (NPS) former president Kim Sun-joo has returned to his old job.
The Ministry of Health and Welfare, which oversees the NPS, announced his appointment in a statement posted on its website on December 12.
Kim headed the NPS from 2017 to 2020 and then went on to become a lawmaker in Korea’s National Assembly until last year.
He officially returned to head the NPS on December 15, succeeding Kim Tae-hyun, whose three-year term ended in August.
The statement says his appointment, also for three years, was finalised after being endorsed by the pension fund’s executive recommendation committee.
“We expect the new president to demonstrate strong leadership and capabilities essential for advancing the NPS and supporting future pension reform, drawing on his extensive expertise and experience in pension policy,” the ministry says.
The NPS is the third largest pension fund in the world, with around 1,227 trillion won (US$830 billion) of assets under management as of March 2025.
