National Pension Service
Encyclopedia
The National Pension Service of Korea ("NPS") is a public pension
fund for South Korea
. It is the fourth largest in the world with $300 billion in assets is the largest investor in South Korea.
Recent transactions includes the purchase of a 23.44% stake in Colonial Pipeline Company in partnership with KKR.
Pension
In general, a pension is an arrangement to provide people with an income when they are no longer earning a regular income from employment. Pensions should not be confused with severance pay; the former is paid in regular installments, while the latter is paid in one lump sum.The terms retirement...
fund for South Korea
South Korea
The Republic of Korea , , is a sovereign state in East Asia, located on the southern portion of the Korean Peninsula. It is neighbored by the People's Republic of China to the west, Japan to the east, North Korea to the north, and the East China Sea and Republic of China to the south...
. It is the fourth largest in the world with $300 billion in assets is the largest investor in South Korea.
Activities
The strategy of NPS in 2010 was double its overseas investments to 20 percent by 2015. It forecasts increasing assets to $436 billion by 2015.Recent transactions includes the purchase of a 23.44% stake in Colonial Pipeline Company in partnership with KKR.