National Pension Service Begins Selection of Domestic Equity Value-Oriented Asset Management Firms

Three Value-Type Companies to Be Selected by March or Earlier

The National Pension Service has begun selecting three delegated asset management firms to discover and invest in domestic stocks (companies) that strive to enhance corporate value.

On the 21st, the Fund Management Headquarters of the National Pension Service announced that it will accept proposals from asset management companies and investment advisory firms until the 29th for the selection of value-oriented delegated asset managers for domestic stocks in 2024.

The scale and timing of fund allocation will be determined considering the portfolio management conditions of the National Pension Fund and market circumstances.

The Fund Management Headquarters will receive proposals and related documents until the 29th of this month, conduct preliminary evaluations and on-site inspections, and then hold oral interviews by the delegated asset manager selection committee for the shortlisted candidates, with the final selection of the delegated asset managers planned for March.

As of the end of November 2023, the National Pension Service manages KRW 141 trillion, equivalent to 14.1% of the total fund assets, in the domestic stock sector, of which 51.0% of the assets are managed through delegated management by external professional institutions.