They are doing so in response to Asia-Pacific institutions rising appetite for assets such as hedge funds, private equity and real estate.
Park Min Ho, previously head of KTPF's investment strategy team, is mulling more aggressive allocations in alternatives and looks to diversify assets globally as CIO.
The $11 billion pension fund picks Hamilton Lane and Paul Capital to invest $30 million each in global private equity plays as it moves to increase its international PE exposure.
Even the mighty National Pension Service lacks the internal capacity required as it and local peers expand international investments.
South Korean institutions say they will increase their allocation to emerging-market equities, particularly Chinese stocks.
The KTPF, which this year was chosen by the Ministry of Strategy and Finance as the best-performing Korean pension fund, appoints education veteran Byun Chang-Yull as chairman for a three-year term.