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Amendments to National Pension Act, 2015

South Korea Current 2015

The National Pension Act states that the National Pension Scheme should contribute to stabilization of livelihoods and promotion of national welfare by providing pension benefits in case of old-age, disability or death. According to this amendments, National Pension Fund should consider Environmental, Social, Corporate Governance (ESG) factors before determining investments to secure long-term earnings.

Issuer name

Ministry of Health and Welfare

Government ministry

Other

Government ministry notes

Ministry of Health and Welfare

Organizations covered by the instrument

Large private and listed companies

Industry scope

All/none specified

Disclosure venue

NA

Status

Current

Country

South Korea

Region

Asia Pacific

Date of publication

2015

Issuer type

Governments (governmental department, agency)

Reporting requirements

Public law and regulation

Mandatory or voluntary

Mandatory

The geographical scope

National/federal