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    Overview

    As the world's third-largest pension fund by total assets, the NPF amounted to KRW 1,322.0 trillion, which is calculated by substracting pension benefits and general & administrative expenses of KRW 417.1 trillion from contributions and investment income of KRW 1739.1 trillion.

    The Fund

    Revenues1739.1KRW tn

    Revenues

    • Contributions, etc.900.8
    • Investment Income838.3
    Expenses417.1KRW tn

    Expenses

    • Pension Benefits404.0
    • Operating Expenses, etc.13.1
    Total AUM1322.0KRW tn

    Total AUM

    • Financials1321.2
    • Welfare & Others0.8
    The Fund

    Asset Allocation

    As of end-Aug 2025, Unit : trillion won, %

    Total AUM1322KRW tn
    기금 포트폴리오 구성별 규모
    Financials 1321.2KRW tn 99.9 %
    Domestic Equity 196.3KRW tn 14.8 %
    Domestic Fixed income 325.7KRW tn 24.6 %
    Global Equity 486.4KRW tn 36.8 %
    Global Fixed Income 94.3KRW tn 7.1 %
    Alternatives 214.1KRW tn 16.2 %
    Short-term Assets 3.9KRW tn 0.3 %
    Welfare/Others 0.8KRW tn 0.1 %
    Our Portfolio

    Portfolio Breakdown

    The National Pension Fund is invested in domestic equity, global equity, domestic fixed income, global fixed income and alternatives in accordance with the Guideline for National Pension Fund Management.

    Our Performance

    • Rate of Return
    • YTD (Preliminary) 8.22% (2025.1~2025.8)
    • 3-Year 6.98% (2022~2024)
    • Since Inception 6.82% (1988~2024)
    • Investment Income
    • YTD (Preliminary) KRW 100.6 tn (2025.1~2025.8)
    • 3-Year KRW 206.9 tn (2022~2024)
    • Since Inception KRW 737.7 tn (1988~2024)

    Note: Investment income over multiple years represents the cumulative total generated during the period, and a return over multiples years is annualized.

    Our Performance