Korea's $1.35 Trillion Pension Fund Posts Record 27% Return — With Zero Bitcoin

South Korea's $1.35 trillion pension fund reported a record 27% return for the year while holding no Bitcoin. The fund's strong performance without crypto exposure indicates a continued conservative stance by a major Korean institutional investor. That posture likely limits immediate institutional inflows from Korean pension capital into Bitcoin and reduces near‑term price support from that source. While traditional asset outperformance lowers internal pressure to adopt digital assets now, future market shifts or risk‑return reassessments could still prompt a reassessment of crypto allocations.