South Korea's National Pension Fund Chief Clarifies Investment Purpose Amid 61% Market Volatility on July 23

According to Korean Economic, on July 23, Kim Sung-joo, chief of South Korea's National Pension Service (NPS), stated that the fund's investment is not aimed at boosting stock markets or defending stock prices. In a social media post, Kim emphasized that the NPS operates based on six principles including profitability, stability, and public interest, with its core mission being long-term diversified investment across domestic and global assets to generate sustainable returns for retirees' pensions.

Kim stressed that the NPS will not be swayed by short-term market volatility, maintaining its long-term investment philosophy rather than responding to daily market movements. The statement came as KOSPI volatility reached 61% year-to-date, exceeding Bitcoin's 50% volatility, partly driven by concentrated exposure to Samsung and SK Hynix, which account for over 50% of the index's market capitalization.