Key Takeaways
- • South Korea's Teachers' Pension has appointed Baek Joohyun, former Chief Investment Officer of the Government Employees Pension Service (GEPS), as its new CIO to lead the $20 billion fund.
- • Baek succeeds Jun Beomsik, who departed the Teachers' Pension in January 2026 to become CIO of the National Federation of Fisheries, leaving a significant leadership gap at one of South Korea's major institutional investors.
- • At GEPS, Baek managed a portfolio ranging from 8 trillion to 12 trillion won (approximately $5.3 billion to $8 billion) after his recruitment in July 2022, demonstrating experience overseeing substantial pension assets.
- • The Teachers' Pension manages approximately 30 trillion won ($20 billion) in assets, making it a cornerstone institutional investor in South Korea's financial system.
Summary
South Korea's Teachers' Pension has named Baek Joohyun as its new Chief Investment Officer, filling a vacancy created when previous CIO Jun Beomsik departed earlier this year. Baek, who previously served as Chief Investment Officer of the Government Employees Pension Service (GEPS), brings substantial experience managing large-scale pension portfolios in the Korean institutional investment space.
The Teachers' Pension, one of South Korea's major institutional investors, manages approximately 30 trillion won ($20 billion) in assets. The appointment represents a significant leadership transition as the fund seeks to maintain investment performance and strategic direction following Beomsik's January 2026 departure to lead the investment function at the National Federation of Fisheries.
During his tenure at GEPS, which began in July 2022, Baek oversaw a portfolio ranging from 8 trillion to 12 trillion won (approximately $5.3 billion to $8 billion). His track record at GEPS positions him to manage the Teachers' Pension's substantially larger asset base and navigate the complex investment landscape facing Korean institutional funds. The appointment was confirmed by financial industry sources on Wednesday and reflects a deliberate selection process to identify experienced leadership capable of steering the fund's investment activities forward.
The Teachers' Pension, one of South Korea's major institutional investors, manages approximately 30 trillion won ($20 billion) in assets. The appointment represents a significant leadership transition as the fund seeks to maintain investment performance and strategic direction following Beomsik's January 2026 departure to lead the investment function at the National Federation of Fisheries.
During his tenure at GEPS, which began in July 2022, Baek oversaw a portfolio ranging from 8 trillion to 12 trillion won (approximately $5.3 billion to $8 billion). His track record at GEPS positions him to manage the Teachers' Pension's substantially larger asset base and navigate the complex investment landscape facing Korean institutional funds. The appointment was confirmed by financial industry sources on Wednesday and reflects a deliberate selection process to identify experienced leadership capable of steering the fund's investment activities forward.
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