Welfare Committee Clashes Over 'Rebalancing'... "Meeting Minutes Must Be Released" vs. "Concerns Over Market Impact"
5 Articles
5 Articles
The National Pension Service missed the opportunity to sell at the peak and increased its weighting in domestic stocks, thereby losing its function as a safety net for the stock market during the market crash. Critics point out that with additional purchases impossible due to exceeding targets, the non-public nature of its operations and the lack of transparency in its policy-making processes are leading to losses in retirement funds and a decli…
(Seoul = Yonhap News) Reporter Kwon Hee-won = On the 14th, during the parliamentary audit of the National Pension Service by the National Assembly Health and Welfare Committee, the ruling and opposition parties [discussed] the decision to suspend the National Pension's rebalancing (asset weight readjustment)...
On the 14th, People Power Party lawmakers belonging to the National Assembly's Health and Welfare Committee demanded a parliamentary investigation to determine whether there was political intervention in the process of suspending the National Pension's rebalancing and increasing the weight of domestic stocks, and whether risk management was appropriate. At a press conference held on the same day, the People Power Party lawmakers on the committee…
During the parliamentary audit of the National Pension Service by the National Assembly's Health and Welfare Committee, the controversy surrounding the suspension of the National Pension's rebalancing (asset weighting readjustment) came under fire. This follows criticism that the National Pension, which manages the public's retirement funds, missed the opportunity to realize profits by selling domestic stocks as it was utilized as a policy tool.…
Data on the expected rate of return if the National Pension Service had not delayed rebalancing, presented at the parliamentary audit of the Health and Welfare Committee of the National Assembly.
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