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KMID : 1124020040200020103
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Korean Social Security Studies
2004 Volume.20 No. 2 p.103 ~ p.127
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A study on Investment Scheme into Welfare Sector of Korea National Pension Fund
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Lee Man-Woo
Do Gun-Woo
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Abstract
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The object of this study is to find investment scheme in welfare sector of National Pension Fund. Especially focuses on investment in National Public Rental Housing that the government plans and supports. The National Pension Fund (NPF) is invested largely into three sectors: public, financial and welfare. Recently, owing to changes in the financial environment, the ground for investment of the NPF has been prepared to improve the stability and profitability of the NPF through diversified investment in various portfolio. The government has initiated the construction of 1,500,000 National Public Rental Housing units from 1998 to 2012. The government supports 10-40% of construction cost and loans with low-interest rate from the National Housing Fund. Therefore it needs enormous public expenditure. This study leads to some policy implications to invests into National Public Rental Housing construction of NPF fund.
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KEYWORD
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National Pension Fund, Public Rental Housing, Public Fund
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