South Korea's Ministry of Health and Welfare refuted the South Korean “Mainichi Keizai Shimbun” report, denies that the authorities intend to raise the national pension allocation target for local shares by 5 percentage points, saying the news is untrue. The department issued a statement stating that medium-term asset allocation is a medium- to long-term investment plan aimed at improving the return and stability of the fund. The target share of various asset allocation targets for the next five years must be set, and the relevant plan must be reviewed and voted on by the Fund Management Committee before it can be determined.

South Korea's Ministry of Health and Welfare refuted the South Korean “Mainichi Keizai Shimbun” report, denies that the authorities intend to raise the national pension allocation target for local shares by 5 percentage points, saying the news is untrue. The department issued a statement stating that medium-term asset allocation is a medium- to long-term investment plan aimed at improving the return and stability of the fund. The target share of various asset allocation targets for the next five years must be set, and the relevant plan must be reviewed and voted on by the Fund Management Committee before it can be determined.