By assets, local stocks and bonds fell by 22.76% and 5.56%,
respectively, while overseas stocks and bonds each lost 12.34%
and 4.91%. Alternative investments increased by 8.94%.
($1 = 1,310.2200 won)
(Reporting by Jihoon Lee; Editing by Muralikumar Anantharaman)
SEOUL, March 2 (Reuters) - South Korea's National
Pension Service (NPS) said on Thursday it logged a record 8.22%
drop in assets in 2022 as global stock and bond markets tumbled.
The world's third-largest public pension fund said its total
assets fell by 79.6 trillion won ($60.75 billion) in 2022 to
890.5 trillion won.
It was the first annual fall since 2018, when the fund's
assets fell by 0.92%, and the sharpest drop since its
establishment in 1988.
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