Health and Welfare Minister Jeong Eun-kyeong has vowed to do her best to manage the national pension more stably in order to meet public expectations and earn public trust.

Presiding over a session of the national pension operation committee on Friday, Jeong mentioned how the pension posted a record-high 15 percent earnings rate last year. She noted that it has now grown into one of the world’s top three pension funds, valued at one-point-two quadrillion won, or around 854 billion U.S. dollars.

The minister emphasized that maintaining a strong earnings rate is crucial for ensuring the sustainability of the pension system.

She also called on the pension management headquarters to closely monitor the rising volatility in the global financial markets and to respond swiftly and appropriately to any changes.

The committee is the highest decision-making body headed by the health minister that reviews and votes on key issues related to pension fund operations.