Korea’s NPS to expand alternative investments by 2024

The National Pension Service (NPS) of Korea is planning to increase its proportion of its alternative investments to up to 15 percent of its total operating assets by 2024, sources with knowledge of the matter told The Korea Times.

NPS, the world’s third-largest pension fund, has more than 900 trillion won ($773 billion) in assets under management. The fund is planning to establish a division to explore opportunities beyond the fund’s conventional investment metrics.

NPS’ current proportion of alternative investments is currently at 10.4 percent, or 94.6 trillion won ($81 billion). Among alternative investments, overseas real estate accounted for 27 trillion won ($23 billion) and overseas infrastructure for 18 trillion won ($15 billion).