Resource shortages plague Korean pension funds

Public pension funds in Korea may be amassing huge amounts of assets but their internal staff resources are not keeping pace, forcing them to seek more external partnerships and managers. The problem is acute for mid-size funds such as Korea Teachers Pension Fund and the Government Employees Pension Service, but it applies also to the national giant, the $306 billion National Pension Service (NPS). “NPS’s peers in Europe, in Norway and the Netherlands, have far greater internal …