THE KOREA ECONOMIC DAILY, GLOBAL EDITION

The National Pension Service will begin to manage foreign currency risk through derivatives trading, as the $690 billion pension fund is aiming to boost overseas investments to over 500 trillion won ($441 billion) by 2024, the NPS said on Oct. 30.

To make the so-called “tactical adjustment of currency holding ratios,” NPS has revised its investment guidelines to allow it to adjust its foreign exchange ratios within plus or minus 5% of its total assets.

It will use foreign ...