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Public Pension Fund Investment and Publicness in South Korea: A Historical Approach

Soo Wan Kim 1

1강남대학교

Accredited

ABSTRACT

This study analyzed the dynamic changes of “publicness” in the public pension fund investment strategy from a historical perspective. At the beginning, the publicness was one of the core principle of fund investment strategy in the form of depositing in the government budget. This study revealed how the publicness was interpreted and realized in public pension fund investment, why it was criticized and how it has changed over time in South Korea. This process shows that the government, the market and the civil society have each developed the different understanding on publicness. It also provides us an implication on the current argument over the characteristics of public pension fund.

Citation status

* References for papers published after 2023 are currently being built.