National Pension to Set 5-Year Allocation on May 28, Korea Stock Sales in Focus

South Korea’s National Pension Service is expected to decide its asset allocation direction for the next five years at a National Pension Fund Management Committee meeting on May 28. The meeting will include an interim report on the fourth meeting’s mid-term asset allocation plan, with the domestic equity target weight seen as a key issue. The fund’s Korean stock allocation is known to have moved well above its target, raising the need for rebalancing. As a result, investors are watching how the timing and scale of any domestic stock sales will be determined. The decision could affect both the fund’s management strategy and supply-demand conditions in the Korean stock market. Source: mk.co.kr