Minister Jung Eun-kyeong of the Ministry of Health and Welfare, ahead of discussions on increasing the National Pension Service's allocation to domestic stocks, emphasized that the move would "take into account the impact on the domestic financial market."
The National Pension Service Fund Management Committee will convene the 5th 2026 National Pension Service Fund Management Committee meeting on the 28th at Government Complex Seoul in Jongno-gu, Seoul, to submit an adjustment plan for the 2026 target allocation by asset and a midterm asset allocation plan for 2027–2031, and will discuss target weights by asset class considering the financial market, economic outlook, and the feasibility of policy conditions.
In opening remarks before the meeting, the Minister said, "This agenda sets the broad direction of fund management for the next five years and reviews next year's revenue and expenditure, so public interest is very high," adding, "The committee, the ministry, and the Fund Management Headquarters must all monitor the situation closely and pool our wisdom at this time." She also said, "While enhancing the National Pension Service's long-term profitability and stability, we must also consider the impact on the financial market."
Regarding the current stock market, the Minister explained, "While the KOSPI has shown an uptrend, breaking 8,000 for the first time on a closing basis, there are concerns about deteriorating financial conditions, such as a sharp rise in major countries' Government Bonds yields due to inflation from the continued rise in international oil prices," and added, "I understand there are public concerns about the stable management of pension funds."
As of the end of Feb., the National Pension Service's domestic stock weight stood at 395 trillion won (24.5%), far exceeding the maximum domestic stock allocation of 19.9%. Although mechanical rebalancing (asset readjustment) is temporarily deferred, concerns have been raised in the market that, if the weight is adjusted to the current criteria, the fund would need to sell about 155 trillion won of domestic stocks.