National Pension Service Boosts Overseas Real Estate Investment

Since the global financial crisis in 2008, the National Pension Service has expanded investment in overseas real estate almost 10-fold. According to the NPS on Monday, overseas property investment stood at slightly over at W5 trillion (US$1=W1,170), up from W564 billion in 2008.

It also almost doubled investments in foreign stocks. Officials at the NPS say it boosted the proportion of overseas investment in order to diversify.

However, some experts warn that thorough research is necessary to avoid risky overseas investments, especially at a time when the global financial market is so volatile.