South Korea’s National Pension Service (NPS) Fund Management Committee approved on Monday a proposal to increase next year’s pension benefit expenditure budget by $846.2 million (1.25 trillion won), according to the Ministry of Health and Welfare. The adjustment raises the allocation for benefit payments — the amount reserved to distribute pension benefits to recipients — from $32.8 billion (48.41 trillion won) to $33.8 billion (49.97 trillion won), driven by an increase in newly eligible beneficiaries through additional premium payments and voluntary continued enrollment.

The committee also reviewed plans to strengthen stewardship activities related to domestic equity investments, including enhanced