South Korea pension fund backs government push to fix ‘Korea discount’

By Thomson Reuters Mar 13, 2024 | 9:39 PM

SEOUL (Reuters) – South Korea’s pension fund supports the direction of the government’s corporate reform plan aimed at resolving the so-called “Korea discount” in the stock market, its investment strategy director said on Thursday.

The National Pension Service, manager of the world’s third-largest public pension fund, will make a decision on whether and to what extent it will allocate its assets after details of the reform plan are available, Director Lee Suc-won told a press conference held in Seoul.

(Reporting by Jihoon Lee; Editing by Ed Davies)