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Korea's National Pension Service Enters into Strategic Partnership MOU with Allianz Global Investors

  • First enterprise-wide global strategic partnership covering all asset classes
  • Allianz Global Investors opens Jeonju Office in Korea

 

13.03.2026 | Allianz Global Investors (AllianzGI) announced that it signed a Memorandum of Understanding (MOU) in Korea with the National Pension Service (NPS), headed by Chairman Sung-joo Kim, on March 13 at NPS’s headquarters in Jeonju, Jeonbuk Special Self Governing Province, to establish a strategic partnership covering all asset classes.

This strategic partnership is particularly significant as it represents the first formalized, enterprise wide global strategic partnership for NPS, extending beyond its previous asset class specific cooperations in equities, fixed income, and alternatives to encompass all asset classes under a unified framework.

Sung-joo Kim, Chairman of the National Pension Service, and Tobias Pross, Chief Executive Officer of Allianz Global Investors, attended the MOU signing ceremony and reaffirmed their commitment to building a long term partnership based on mutual trust and cooperation.

Scope of Cooperation

Under the MOU, NPS and AllianzGI agreed to pursue the following areas of cooperation on a phased basis:

  • Systematic sharing of investment knowledge and asset management expertise across all asset classes
  • Mid to long term strategic discussions on global financial markets and macroeconomic conditions
  • Education, training programs, and talent exchanges to enhance investment management capabilities
  • Other strategic cooperation initiatives mutually agreed upon by both parties

 

Sung-joo Kim, Chairman of NPS stated,
“This enterprise wide strategic partnership with Allianz Global Investors strengthens an integrated perspective across asset classes and marks a meaningful turning point in enhancing long term returns and advancing our investment framework. We aim to make Jeonju a key gateway that directly connects Korea to the global asset management network.”

Tobias Pross, CEO of Allianz Global Investors commented,
“This MOU goes beyond a formal agreement and establishes a long term institutional partnership centered on people, knowledge sharing, and capability development. In an increasingly volatile and structurally evolving global investment environment, we will actively support the National Pension Service in strengthening its next generation investment capabilities through education, joint research, and continuous exchange of insights across all asset classes.”

 

Opening of Allianz Global Investors Jeonju Office

Following the signing ceremony, the two organizations also held an opening ceremony for Allianz Global Investors’ Jeonju Office in Manseong dong, Jeonju.

The Jeonju Office will serve as a strategic hub supporting close cooperation and ongoing communication between NPS and AllianzGI. It will facilitate education and training programs and enhance strategic talent exchanges. AllianzGI plans to recruit dedicated on site staff from the Jeonbuk regional talent pool for the Jeonju Office.

 

Sung joo Kim, Chairman of the National Pension Service (left) and Tobias Pross, CEO of Allianz Global Investors (right), signing the MOU at NPS headquarters in Jeonju on March 13

1. Sung-joo Kim, Chairman of the National Pension Service (left) and Tobias Pross, CEO of Allianz Global Investors (right), signing the MOU at NPS headquarters in Jeonju on March 13.

Chairman Kim and CEO Pross holding the signed MOU after the signing ceremony.

2. Chairman Kim and CEO Pross holding the signed MOU after the signing ceremony.

Ribbon cutting ceremony at the opening of Allianz Global Investors’ Jeonju Office, attended by Chairman Kim and CEO Pross.

3. Ribbon cutting ceremony at the opening of Allianz Global Investors’ Jeonju Office, attended by Chairman Kim and CEO Pross.

For media enquiries, please contact:

Angie Tang
Tel: +852 2238 8588
angie.tang@allianzgi.com

Celia Fong
Tel: +852 2238 8579
celia.fong@allianzgi.com

 


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Allianz Global Investors is a leading active asset manager with more than 700 investment professionals in over 21 offices worldwide, and managing EUR 591 billion in assets. We believe that with every change comes an opportunity. Our goal is to actively shape the future of investing for all our clients, wherever their location and whatever their objectives. Curious and active in everything we do, we aspire to generate impact beyond alpha, steering our clients’ assets towards the right place at the right time, and building solutions that draw on capabilities across public and private markets. Our focus on protecting and growing our clients’ assets allows us to create trusted partnerships, underpinned by a commitment to sustainability and driving positive change.

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