South Korea Establishes New Department to Manage 1,670 Trillion Won National Pension Fund on July 14

According to Yonhapinfomax, on July 14, South Korea's Ministry of Health and Welfare announced the establishment of a new department dedicated to managing its 1,670 trillion Korean won National Pension Fund, with the reorganization taking effect from July 21.

The fund, which represents 62.4% of South Korea's nominal GDP as of April 2026, has grown significantly following a pension reform in April 2025. The new structure will expand staffing by 29 personnel and includes the establishment of a Fund Management Department to address the fund's increasing impact on domestic capital markets and the broader economy.