National Pension Service (NPS) Chairman & CEO Kim Tae-hyun delivered his speech at a ceremony to mark the 35th anniversary at NPS headquarters in Jeonju City, Jeollabuk-do, on Sept. 14.
He said, “NPS should offer services tailored from the perspective of people, as a public service institution that people can sense in order to reform it as a sustainable welfare state.”
NPS, established in 1987, has established itself as a public late-life income guarantee institution with a membership of 22 million people and 6 million recipients.
NPS has a national pension fund of about 900 trillion won, ranking third in the world by total assets.
Chairman Kim said, “Now that a social consensus is important for reforming the pension, NPS will offer full support for pension reform based on shared growth by ramping up communication with people and build a comprehensive social safety net, encompassing a sustainable pension system based on the efforts, being made so far to give more people with more pension payments and people’s late-life preparation as welfare services.”
Chairman Kim said, “NPS will manage people’s precious late-life assets in a stable fashion through strategies, commensurate with the global pension fund, such as raising the transparency of the management of the fund and swiftly coping with outside and inside risks.”
NPS will pursue endless innovation to offer public services in a fast, precise and convenient fashion, and realize mutual cooperation by spearheading efforts to solve problems of the regional community through close collaboration with local government sand regional related organizations, he said.
Kim called for NPS executives and staffers to be united based on the experiences and capabilities it has accumulated for the past 35 years, and be armed with a sense of mission and pride to fulfill its responsibility and meet public expectation for the purpose of public late-life and welfare services.
In his inaugural speech, released on Sept. 2, NPS Chairman Kim stressed institutional reform people want by raising NPS’ possibility through support of win-win fund reform via social discussion process and based on communication of lending an ear to people’s voices.
NPS Chairman Kim said, “NPS will do its utmost to stabilize the management of the national pension fund by working out a flexible asset distribution regime designed to nimbly cope with the times of economic transition and a professional prior compliance screening process designed to address complex and diverse investment methods.”
“We’ll offer support so that more people can subscribe to the national pension through efforts to eliminate blind spots and benefit from pension benefits,” Kim said.
NPS will make efforts to help people utilize conveniently welfare services it has carried out, such as basic pension and a project to support the disabled, he added.
Chairman Kim called for making NPS an “efficient and strong institution” based on a high degree of integrity and ethics awareness as a public entity and through innovation.
He also urged for making joint efforts for the development of the Jeollabuk-do area, including Jeonju.
NPS Chairman Kim passed the 35th higher administrative examination and held major positions in the predecessor of the Ministry of Economy and Finance (MOEF) and the Financial Services Commission (FSC).
He served as FSC secretary general before he was appointed to be president of the Korea Deposit Insurance Corp. (KDIC). His term is three years.
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