Korea Joongang Daily
Korea JoongAng Daily

Korea Zinc labor union blasts NPS for withholding vote to reappoint corporate chair to board

Korea Zinc’s labor union criticized the state-run pension fund’s decision to withhold its vote on the corporate chairman’s reappointment as an internal board member, calling it a failure to safeguard a national strategic industry.

2026-03-22

DP lawmakers aim at MBK in urge for NPS to 'sever ties with speculative investors'

With the National Pension Service poised to play a de facto casting vote at the upcoming annual shareholder meeting of Korea Zinc, Korean politicians are urging it to uphold its duty as a public fiduciary and safeguard corporate and labor interests.

2026-03-18

National pension recipients likely to top 8 million this year

The number of recipients of the national pension program is likely to surpass 8 million this year, the National Pension Service said Monday, amid the country's rapidly aging population.

2026-03-02

Police investigate alleged theft of $4.8 million in cryptocurrency seized by National Tax Service

Police have launched an investigation into the alleged theft of cryptocurrency seized by the National Tax Service.

2026-02-28

Pension service posts record investment gains of $161B on local bourse rally

The National Pension Service (NPS) posted record investment gains of 231.6 trillion won ($161 billion) in 2025, boosted by a sharp rally in Korean stocks that sent the local market soaring.

2026-02-27

Pension fund's currency interventions could heighten U.S. scrutiny on Korea, says former NPS chief

The NPS's efforts to stabilize the won might provoke U.S. scrutiny over currency manipulation, as it increases its role in forex markets, potentially straining Korea-U. S. financial relations.

2025-12-18

Pension service extends temporary adjustment period for currency hedging strategy until next year

The National Pension Service (NPS) will extend its temporary adjustment period for the strategic currency hedging ratio of its fund until next year to continue mitigating risks from exchange rate fluctuations.

2025-12-15

Korea's forex crackdown on exporters raises concerns of gov't overreach

Experts warn that the government's move to “closely monitor” major exporters in case they hoard dollars may not only fail to achieve its goal but could also risk intervening in management decisions.

2025-12-12

Why Korean investors buying U.S. stocks draw forex authorities' scrutiny

Investors betting on U.S. stocks have become the primary targets of financial authorities struggling to rein in the won’s weakness against the U.S. dollar, sparking strong backlash amid concerns over regulatory tightening on overseas investments.

2025-12-08

FX authorities, NPS consultative body not a temporary mechanism to ensure won's stability, Finance Ministry says

The new consultative body formed last week between foreign exchange (FX) authorities and the National Pension Service (NPS) is not a short-term measure to stabilize the won, said the Ministry of Economy and Finance on Wednesday.

2025-11-26