The National Pension Fund is a reserve fund remaining after deducting expenses for pension benefits and operating expenses from revenues earned from pension contributions and investment income. The Fund was valued at about KRW 527.9 billion at the end of 1988 when the National Pension Plan was introduced, and now has grown to one of the world’s largest pension funds with KRW 1,227.5 trillion in assets under management as of Feb. 28, 2025.
1. Cash basis accounting is used for financial records above, including revenues, expenses and reserve funds.
2. Government subsidy, etc. above includes government subsidy, surplus and security deposits for buildings owned by NPS.
3. General and administrative expenses above include administrative fees and operating expenses for pension services.
4. The figures above might not add up due to rounding.