Opposition Plans Focused Offensive on Kim Yong-beom and the National Pension Service During Regular Assembly Session

[Financial News] The People Power Party plans to closely scrutinize Office of the President policy chief Kim Yong-beom and the National Pension Service's stock investment operations during the regular National Assembly session. The party intends to use issues such as the leveraged exchange-traded fund (ETF) tied to a single stock, Samsung Electronics and SK hynix, restrictions on major shareholders of virtual asset exchanges, and delays in NPS rebalancing as points of attack.
According to a Financial News review on the 30th, the main issues identified during the lawmakers' retreat on the 27th and 28th, as well as strategy discussions by each standing committee on how to confront the ruling party, were financial and virtual asset policies related to Kim and the NPS's stock investment management.
First, the National Policy Committee of the National Assembly plans to continue raising responsibility questions over Kim's role in the single-stock leveraged ETF issue, while also bringing forward the 20% cap on major shareholders of virtual asset exchanges as a new line of attack. The party suspects that, during the restructuring of exchange governance triggered by this rule, a specific blockchain-focused investment firm with past ties to Kim could benefit.
The Health and Welfare Committee of the National Assembly will focus on the NPS's domestic stock management. The National Pension Service Fund Management Committee postponed rebalancing in response to the sharp rise in the local stock market and raised this year's target allocation to domestic stocks from 14.9% to 20.8%, while also expanding the allowable range for strategic asset allocation (SAA). The People Power Party suspects that this followed the government's push to support the stock market.
[email protected] Song Ji-won Reporter