Changes loom as NPC celebrates 20 years

Last week South KoreaÆs National Pension Corporation (NPC), charged with running the $229 billion social security scheme for the nation, celebrated its 20th anniversary with a seminar aimed at shoring up its management at a time when politicians are looking to make fundamental changes to how it is run.The seminarÆs speakers stressed the value of long-term investment and the acceptance of short-term volatility û a way for NPCÆs managers to further their case for global diversification.…