New NPS chairman, CEO named

Former health and welfare minister Choi Kwang has been named the new chairman and chief executive of Korea’s $360 billion National Pension Service (NPS). The announcement was made late on Friday by the government’s health and welfare ministry, and reported by local media over the weekend. Choi is due to take up the role today, May 27. This position became available after Jun Kwang-woo resigned in February and departed on April 18, in line with a reshuffle of top posts as the adm…