The Korea National Pension Service has appointed Kyuhong Lee as chief investment officer to manage a $1.4 trillion investment portfolio. After a sharp rise in investment returns in the first half of the year, he took over the management of one of the world's largest pension reserve pools. The fund issued a statement on Monday saying that Kim Sung-joo, chairman of the National Pension Service, has appointed Kyuhong Lee for a term of two years, effective Tuesday. Their terms of office may be renewed year by year based on performance. According to data from the fund's official website, as of the end of June, its assets under management reached 1,866 trillion won; the initial return on investment in the first half of the year was 27.2%, the best performance for the same period since at least 2022.

The Korea National Pension Service has appointed Kyuhong Lee as chief investment officer to manage a $1.4 trillion investment portfolio. After a sharp rise in investment returns in the first half of the year, he took over the management of one of the world's largest pension reserve pools. The fund issued a statement on Monday saying that Kim Sung-joo, chairman of the National Pension Service, has appointed Kyuhong Lee for a term of two years, effective Tuesday. Their terms of office may be renewed year by year based on performance. According to data from the fund's official website, as of the end of June, its assets under management reached 1,866 trillion won; the initial return on investment in the first half of the year was 27.2%, the best performance for the same period since at least 2022.