Politics · 2 sources combined
National Pension mobilization suspected
Oh demands Lee's apology
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.
