Move to hinterland triggers staff exits at Korea’s $788b pension fund NPS

A National Pension Service office in Jeonju (image: Yonhap)

Earlier this year, Lee left her fund management job at South Korea’s national pension fund, the world’s third-largest, fed up with long commutes between her home in Seoul and her office in Jeonju, 200 kilometers away.

For four years, Lee lived in a studio apartment in Jeonju, a city of 658,000, on weekdays, and traveled back to Seoul for the weekend. She feared her family would break up if she didn’t make the hard decision to quit.

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