Sunday, November 8, 2026 · Evening
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Politics · 2 sources combined p. 1 / 2
National Pension mobilization suspected
Photo: 매일경제 In short Seoul Mayor Oh Se-hoon criticized the government over National Pension management.
He raised concerns about increasing the domestic stock allocation before local elections.
Mayor Oh demanded an apology from President Lee Jae-myung and disclosure of measures to address investor damage.
Key facts When On November 6, the KOSPI fell below 5,000 and circuit breakers were triggered. Who Seoul Mayor Oh Se-hoon posted criticism on Facebook on November 8. What He pointed out that on May 28, six days before local elections, the National Pension increased its domestic stock allocation from 14.9% to 20.8%. How He demanded that President Lee Jae-myung personally apologize and disclose measures to address individual investor damage.
What it means for me
Growing controversy over National Pension management is a matter of concern for both contributors and investors.
Why does this matter? The National Pension's investment method and stock market volatility directly affect retirement funds and investor protection.
Politics · Planned · 3 sources combined p. 2 / 2
Lee Yong-cheol nominated for justice minister
Photo: 헤럴드경제 In short President Lee Jae-myung has nominated Lee Yong-cheol, director of the Defense Acquisition Program Administration, as justice minister nominee.
The nominee will report to the confirmation hearing preparation team office on the 12th.
He denied allegations of corruption in the Daejanggdong development project, saying he was unaware.
Key facts When The nominee will report to the preparation team office in Mun Jeong-dong on the 12th. Who Lee Yong-cheol, director of the Defense Acquisition Program Administration, has been nominated as justice minister nominee. What Cha Beom-jun, planning director at the Ministry of Justice, will lead the preparation team. How The preparation team is organized into a personal background team, Q&A team, and administrative support team.
What it means for me
This appointment will likely affect prosecutorial reform and investigation directions of major cases, warranting close attention.
Why does this matter? The justice minister holds prosecutorial command authority and influences major case processing such as dismissal of charges.
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