National Pension Service Chairman Kim Sung-joo speaks at a Ministry of Health and Welfare briefing session at Government Complex Sejong Convention Center, Dec. 16, 2025.
Korea Times photo by Wang Tae-seog The National Pension Service (NPS) is expected to resume rebalancing its domestic equity portfolio on Wednesday after its allocation to local stocks climbed well above this year’s target, market analysts said Tuesday.
They warn that the move could generate selling pressure of as much as 74 trillion won ($48 billion), adding to downside risks if it coincides with continued foreign investors’ selling of Korean equities.
Data from Daishin Securities showed that domestic equities accounted for an estimated 30 percent of the NPS portfolio as of Friday, exceeding its 2026 target allocation of 20.8 percent by 9.2 percentage points.
The pension fund periodically adjusts its asset mix to keep each asset class in line with its long-term strategic allocation.
