{"id":6432,"date":"2025-04-09T23:08:18","date_gmt":"2025-04-09T23:08:18","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/6432\/"},"modified":"2025-04-09T23:08:18","modified_gmt":"2025-04-09T23:08:18","slug":"south-koreas-national-pension-service-eyes-blockchain-to-track-its-890b-funds-transactions","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/6432\/","title":{"rendered":"South Korea\u2019s National Pension Service Eyes Blockchain to Track Its $890B Fund&#8217;s Transactions"},"content":{"rendered":"<p>South Korea\u2019s National Pension Service (NPS), which <a target=\"_blank\" href=\"https:\/\/fund.nps.or.kr\/jsppage\/fund\/ifm_e\/ifm_e_01.jsp\" rel=\"noopener\">manages 1,224 trillion won<\/a> ($836 billion) in assets, plans to look at how a blockchain could be used in its fund transaction systems.<\/p>\n<p>The organization is weighing a shift to blockchain technology to boost transparency and security in managing its deposits, withdrawals and investments, according to <a target=\"_blank\" href=\"https:\/\/v.daum.net\/v\/20250407173012037\" rel=\"noopener\">Seoul Economic Daily<\/a>, which cited industry sources.<\/p>\n<p>The NPS plans to begin a preliminary disclosure process, inviting blockchain experts and companies to weigh in before formally launching the initiative, the news outlet said.<\/p>\n<p>This feedback phase, standard for major public projects in Korea, will inform a research study into the feasibility of integrating blockchain into the pension fund\u2019s accounting system. The NPS is specifically looking at how blockchain\u2019s shared ledger can prevent tampering of fund records, a crucial task for the institution to ensure the retirement security of millions of people.<\/p>\n<p>The NPS has previously used a blockchain to track overseas pension recipients. While it isn\u2019t considering investing directly in bitcoin (BTC) or other cryptocurrencies, it has indirect exposure to the sector after investing in both <a href=\"https:\/\/www.coindesk.com\/policy\/2024\/08\/16\/south-koreas-pension-fund-snaps-up-nearly-34m-microstrategy-shares\" target=\"_blank\" rel=\"noopener\">Strategy<\/a> and <a href=\"https:\/\/www.coindesk.com\/business\/2023\/11\/16\/south-koreas-pension-fund-bought-20m-coinbase-shares-in-q3-made-40-profit-report\" target=\"_blank\" rel=\"noopener\">Coinbase<\/a> shares.<\/p>\n<p>The initiative comes shortly after South Korea\u2019s <a href=\"https:\/\/www.coindesk.com\/business\/2025\/04\/02\/7-eleven-begins-accepting-bank-of-korea-s-digital-currency-in-cbdc-trial\" target=\"_blank\" rel=\"noopener\">7-Eleven stores started accepting the Bank of Korea\u2019s<\/a> central bank digital currency as part of a major trial.<\/p>\n<p>Disclaimer: Information gathered for this article was translated with the use of artificial intelligence.<\/p>\n","protected":false},"excerpt":{"rendered":"South Korea\u2019s National Pension Service (NPS), which manages 1,224 trillion won ($836 billion) in assets, plans to look&hellip;\n","protected":false},"author":2,"featured_media":6433,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3093],"tags":[3210,51,474,616,2499,525,16,15],"class_list":{"0":"post-6432","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-blockchain","9":"tag-business","10":"tag-finance","11":"tag-pension-funds","12":"tag-personal-finance","13":"tag-south-korea","14":"tag-uk","15":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114310525937947450","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/6432","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=6432"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/6432\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/6433"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=6432"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=6432"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=6432"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}