(Seoul=Yonhap Infomax) Ha Rin Song – South Korea’s Minister of Health and Welfare, Chung Eun-kyung, has highlighted the burden posed by currency volatility on the National Pension Service (NPS) fund management, urging officials to respond proactively.


Speaking at the 6th National Pension Fund Management Committee meeting held at the Seoul Government Complex Annex on the 24th, Chung stated, “The domestic financial market has generally shown strength recently, and global markets continue to rally, driven by economic expansion and robust performance from artificial intelligence (AI)-related companies.”


She added, “Progress in negotiations among major trading partners and sophisticated investments by AI-focused firms are providing positive momentum for equity markets.”


However, Chung cautioned, “Currency instability and heightened external market volatility remain significant risk factors. I urge the NPS Fund Management Headquarters to respond closely, based on thorough market analysis, to safeguard both the profitability and stability of the fund.”


During the meeting, the committee was set to review and approve amendments to the fund management plan to secure resources for NPS benefit payments, and to receive a report on measures to enhance stewardship activities related to major industrial accidents.


hrsong@yna.co.kr


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