The Health Minister Cho Kyoo-hong addressed the National Pension Service Fund Management Committee at the government complex in Seoul, announcing the government's target return rate of 5.4 percent for the National Pension Service fund operations over the next five years. The committee approved the midterm asset allocation plan for the 2025-2029 period, setting the target return rate at 5.4 percent. As part of this plan, the long-term allocation of investments in high-risk assets will be increased to 65 percent, with target asset proportions specified as 55 percent in stocks, 30 percent in bonds, and 15 percent in alternative investments by the end of 2029. The new investment portfolio framework aims to simplify asset allocation into risky assets, such as stocks and alternatives, and non-risky assets, such as bonds, to enhance profitability and adaptability to market changes. The implementation of the new portfolio system, which is the first revamp in 18 years, will begin with the alternative assets sector next year. The plan also outlined target asset allocations by the end of 2025, including percentages for domestic stocks, foreign stocks, domestic bonds, foreign bonds, and alternative investments. The NPS Fund Management Committee, chaired by the Minister of Health and Welfare, emphasized that the asset allocations were decided by considering various market impacts while maximizing long-term returns within risk limits, with a focus on progressively expanding alternative investments to boost long-term returns.