국민연금 기금운용본부

The National Pension Fund is managed according to fund management plans approved by the National Pension Fund Management Committee (FMC). The FMC, the highest decision-making body, deliberates and approves investment policies including asset allocation plans and target returns.

A mid-term asset allocation plan with a time horizon of five years presents an initial target portfolio, together with target return and risk tolerance. To facilitate the implementation, an annual fund management plan is formulated given global economic and financial market conditions. Consequently, the annual fund management plan guides the transition process of the investment portfolio.