National Pension Service Investment Management

Created three divisions of Global Responsible Investment & Governance, IT and External Affairs. Reorganized alternative investment units into three divisions of Private Equity, Real Estate and Infrastructure

Adopted the Stewardship Code for National Pension Fund

Achieved KRW 600 trillion in total fund

The Fund Investment Office was renamed as the National Pension Service Investment Management

Launched Investment Research Team, Alternative Investment Management Team and Performance Analysis Team

Reorganized Risk Team for each asset class

Launched FX Management Team, Global Infrastructure Team and the Singapore Office

Achieved KRW 500 trillion in total fund

The Fund Management Center was renamed as the Fund Investment Office

The Risk Management Division was reorganized as the Risk Management Center.

Launched the Responsible Investment Team

Amended the National Pension Act to create FX account

Achieved KRW 400 trillion in total fund

Reinforced our operational support functions

Launched the New York Office

Split the organization in charge of global investment into two divisions ? "Global Public Market Division: and “Global Alternative Investment Division"

Launched the New York Office

The Compliance Officer first out of the control of the NPSIM

Achieved KRW 300 trillion in total fund

Commenced the internal investment in foreign equities; became a signatory of the UN PRI

Launched additional teams under Overseas and Alternative Investment Divisions

Reorganized our investment organizations by asset class; Created External Corporation Team and Compliance Officer

Created the Compliance Officer to strengthen internal controls

Achieved KRW 200 trillion in total fund

Launched Overseas Investment Team and Alternative Investment Committee

Commenced the outsourcing of global fixed income investment and global alternative investment

Commenced the outsourcing of domestic fixed income investment; Launched Alternative Investment Team

Commenced the internal investment in foreign fixed income

Achieved KRW 100 trillion in total fund

Commenced the domestic alternative investment, and the outsourcing of global equities investment

Launched Fund Management Division and Risk Management Committee

Commenced the outsourcing of domestic equities investment

Launched the National Pension Fund Management Center with six teams and 40 employees and the Investment Committee

Established the National Pension Fund