Politics · Under review · 2 sources combinedp. 1 / 1
National Pension rebalancing postponed
Ruling party demands investigation, special counsel
In short
Floor Leader Jung Jeom-sik cited National Pension rebalancing postponement as a cause of the KOSPI plunge.
People Power Party argued responsibility must be clarified through state investigation and special counsel.
KOSPI briefly exceeded 9,000 but fell to the 5,500s within four months.
Key facts
| When | Floor Leader Jung Jeom-sik spoke at the National Assembly State Audit Countermeasures Meeting on October 16. |
|---|---|
| Who | People Power Party Floor Leader Jung Jeom-sik and Floor Operation Deputy Leader Kim Seung-soo raised questions of responsibility. |
| What | They demanded a state investigation and special counsel over the decision to postpone National Pension rebalancing. |
| How | They criticized raising the domestic stock allocation target from 14.9% to 20.8% just before local elections. |
What it means for me
National Pension subscribers should monitor the political debate over fund management methods.
