The national pension fund of South Korea will invest 20 trillion won ($21.5bn) in natural resources over the next decade in a bid to reduce its allocation to fixed income and increase the fund's returns.

The 224 trillion won National Pension Service has signed investment contracts with the state-run Korea National Oil Corp, Korea Gas Corp and Korea Resources Corp, according to the Korea Times. The deals are expected to revive projects that have stagnated due to a lack of funds.