National Pension Profits 97 Trillion by September..."Foreign Stock Returns 21%"

The fund management headquarters of the National Pension Service said the fund management return recorded 9.18% by the end of September this year, and the operating proceeds were 97.2434 trillion won.

The provisional rate of return by asset is 21.35% for overseas stocks, 6.97% for overseas bonds, 5.05% for alternative investments, 4.09% for domestic bonds and 0.46 percent for domestic stocks.

The fund management headquarters explained that the U.S. cut in its benchmark interest rate, rising overseas stocks centered on technology stocks and rising bond prices have worked positively amid concerns about a recession.

Since the introduction of the national pension system in 1988, the cumulative profits have reached 675.2 trillion won and the fund reserves have reached 1,146 trillion won.