The National Pension Fund of South Korea has revised its assets allocation target until 2016, Pensions & Investments reports. The fund is seeking to have about 30% of assets in stock by 2016. The fund, which had $314 billion in assets at the end of April 2011, is aiming to increase its assets to $524.3 trillion by 2016.

Domestic equities may be boosted to at least 20% of assets, while overseas stocks may increase to about 10% and overseas bonds may account for less than 10% by the end of 2016. Investments in assets other than bonds or stocks will be raised to about 10%.

Click here for the story from Pensions & Investments.

Click here for the additional coverage from Bloomberg.