President Lee Jae-myung commented on suspicions regarding the National Pension Service's stock purchases. There were speculations that the pension fund bought stocks to boost stock prices ahead of the local elections, but Kim Sung-joo, president of the National Pension Service, denied this. He explained that with the KOSPI index rising, the valuation of existing holdings was increasing and that there was a need for sales instead. President Kim emphasized that excessive attention on the investment activities of the National Pension Service is making it difficult to manage pensions.
