KOSPI Slide Seen by NPS Chairman as Possible Short-Term Correction

South Korean stocks closed lower on the 15th. Kim Sung-joo, chairman of the National Pension Service, met with Maeil Business Newspaper that day and said the KOSPI’s turn lower could be a short-term correction. According to the original report, Kim referred to the stock-price chart and framed the sharp drop as a possible adjustment phase rather than a definitive long-term decline. Although the KOSPI’s reversal weighed on investor sentiment, his comments focused on the need to watch whether the market stabilizes after a short pause. Investors are expected to monitor whether the domestic market extends its decline or finds a rebound. Source: mk.co.kr