SEOUL, July 17 (Reuters) - South Korea’s National Pension Service (NPS), the world’s third-largest pension fund, said on Monday its Chief Investment Officer (CIO) Kang Myoun-wook has tendered his resignation.
NPS, which had 578.2 trillion won ($513.6 billion) under management as of April, said in a statement the resignation would be accepted and process begun to name a new CIO.
Kang, who had begun his tenure as CIO in February 2016 during the last administration, had seven months left in his two-year term.
The NPS declined to comment further. Kang could not be immediately reached for comment. ($1 = 1,125.8100 won) (Reporting by Joyce Lee, editing by David Evans)