National Pension Service Selects Four Domestic Stock Asset Management Firms: Kiwoom, Hanwha, Samsung, and Woori

Composed of 2 Long-Term Growth and 2 Responsible Investment Firms
Aiming for Mid- to Long-Term Excess Returns through Selection of Excellent Asset Managers

The National Pension Service Fund Management Headquarters announced on the 31st that it has selected a total of four domestic equity delegated asset managers to improve the medium- to long-term returns of the National Pension Fund. The selected managers consist of two long-term growth types and two responsible investment types.

After announcing the plan to select delegated asset managers last September, the Fund Management Headquarters finalized the managers through proposal and oral evaluations. Kiwoom Asset Management and Hanwha Asset Management were selected for the long-term growth type, while Samsung Active Asset Management and Woori Asset Management were selected for the responsible investment type.

Seowon Joo, head of the Fund Management Headquarters, stated, “We have selected external managers with excellent capabilities to firmly execute the domestic equity delegation strategy and generate medium- to long-term excess returns,” adding, “We will strive to manage the public’s retirement funds stably and further enhance the fund’s long-term profitability.”

This selection is regarded as an important measure to continuously strengthen the National Pension’s fund management strategy and secure stable profitability.