The Korean government has appointed a trio of “expert commissioners” to the 1,459 trillion won (US$990 billion) National Pension Service (NPS), the world’s third largest pension fund.
They are former professors Park Young-seok and Jeong Hee-jun, and Lee Yeon-im, a former deputy director of the Korea Financial Investment Association.
The Ministry of Health and Welfare, which supervises the pension giant, announced the appointments on its website on March 7, three days before they became effective. The three will lead the NPS’s investment specialist committee and serve for three years.
According to the ministry, the new commissioners are experts in finance and economics and “hold a vital role in supplementing the expertise of the NPS’s decision-making”, adding that “we expect them to fully demonstrate their expertise in enhancing the pension fund’s stable profitability”.
