Baek Joo-hyun Reappointed CIO of GEPS The Government Employees Pension Service, or GEPS, which has KRW 6.7 trillion in operating assets, extended the term of office for its CIO Baek Joo-Hyun by one year. The CIO term is set at 2 years, then can be extended for one year depending on performance. Baek began his term in July 2022, and has been seen as having successfully responded to a situation with high economic uncertainty. The GEPS posted its highest rate of return in 18 years, since 2006, with a mid- to long-term investment asset management return of 11.5% last year, exceeding its benchmark by 0.72% percentage points. Baek […]