South Korea’s National Pension Service has appointed Lee Kyu-hong, former chief investment officer at Teachers’ Pension Korea, to head fund management as chief investment officer of the pension fund, which manages ₩1,866 trillion ($1.4 trillion) in assets. Lee is due to assume the role on Tuesday for a two-year term and can be reappointed annually based on performance. NPS described the fund as the world’s third-largest pension fund. Earlier records identified Lee’s previous public-pension role as chief investment officer of the Private School Pension Corporation, creating a discrepancy with the latest NPS announcement. His appointment comes as NPS manages a large, diversified portfolio across domestic and overseas investments, including alternative assets, while risk controls and organizational stability remain central responsibilities.