National Pension’s Korean Stock Limit Exceeds 150 Trillion Won

South Korea’s National Pension Service has reportedly exceeded its set target for domestic equities by a wide margin. According to mk.co.kr, the pension fund’s allocation to Korean stocks is 12 percentage points above its target level. In principle, that would imply the need to mechanically sell about 150 trillion won worth of domestic shares. As one of the largest institutional investors in the Korean stock market, any excess allocation and potential selling requirement could affect market supply-demand conditions and investor sentiment. The original report did not specify the fund’s actual response plan. Source: mk.co.kr