{"id":20920,"date":"2025-04-07T13:18:33","date_gmt":"2025-04-07T13:18:33","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=20920"},"modified":"2025-04-07T13:18:33","modified_gmt":"2025-04-07T13:18:33","slug":"south-koreas-national-pension-service-eyes-blockchain-for-890b-funds-transactions","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=20920","title":{"rendered":"South Korea\u2019s National Pension Service Eyes Blockchain for $890B Fund&#8217;s Transactions"},"content":{"rendered":"<div>\n<p>South Korea\u2019s National Pension Service (NPS), which <a href=\"https:\/\/fund.nps.or.kr\/jsppage\/fund\/ifm_e\/ifm_e_01.jsp\" target=\"_blank\">manages 1,224 trillion won<\/a> ($836 billion) in assets, plans to look at how a blockchain could be used in its fund transaction systems.<\/p>\n<p>The organization is weighing a shift to blockchain technology to boost transparency and security in managing its deposits, withdrawals and investments, according to <a href=\"https:\/\/v.daum.net\/v\/20250407173012037\" target=\"_blank\">Seoul Economic Daily<\/a>, which cited industry sources.<\/p>\n<p>The NPS plans to begin a preliminary disclosure process, inviting blockchain experts and companies to weigh in before formally launching the initiative, the news outlet said.<\/p>\n<p>This feedback phase, standard for major public projects in Korea, will inform a research study into the feasibility of integrating blockchain into the pension fund\u2019s accounting system. The NPS is specifically looking at how blockchain\u2019s shared ledger can prevent tampering of fund records, a crucial task for the institution to ensure the retirement security of millions of people.<\/p>\n<p>The NPS has previously used a blockchain to track overseas pension recipients. While it isn\u2019t considering investing directly in bitcoin (BTC) or other cryptocurrencies, it has indirect exposure to the sector after investing in both <a href=\"https:\/\/www.coindesk.com\/policy\/2024\/08\/16\/south-koreas-pension-fund-snaps-up-nearly-34m-microstrategy-shares\" target=\"_blank\">Strategy<\/a> and <a href=\"https:\/\/www.coindesk.com\/business\/2023\/11\/16\/south-koreas-pension-fund-bought-20m-coinbase-shares-in-q3-made-40-profit-report\" target=\"_blank\">Coinbase<\/a> shares.<\/p>\n<p>The initiative comes shortly after South Korea\u2019s <a href=\"https:\/\/www.coindesk.com\/business\/2025\/04\/02\/7-eleven-begins-accepting-bank-of-korea-s-digital-currency-in-cbdc-trial\" target=\"_blank\">7-Eleven stores started accepting the Bank of Korea\u2019s<\/a> central bank digital currency as part of a major trial.<\/p>\n<p>Disclaimer: Information gathered for this article was translated with the use of artificial intelligence.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>South Korea\u2019s National Pension Service (NPS), which manages 1,224 trillion won ($836 billion) in assets, plans to look at how a blockchain could be used in its fund transaction systems. The organization is weighing a shift to blockchain technology to boost transparency and security in managing its deposits, withdrawals and investments, according to Seoul Economic [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-20920","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/20920","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=20920"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/20920\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20920"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20920"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20920"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}