Pension Future Forum Position Statement on KCMI Senior Research Fellow Lee Seung-ho's Remarks — "Foreign-Currency Bond Issuance by the National Pension Should Be Permitted; Government Guarantee Is Unnecessary" — Presented at a Seminar Hosted by Democratic Party Representative Ahn Do-geol

The following constitutes the review opinion of Professor Hyun Jeong-hwan of Dongguk University, a member of the Pension Future Forum, regarding the Yonhap Infomax article reproduced below.

(Seoul = Yonhap Infomax) Reporter Kim Ji-yeon — As overseas investment by the National Pension Fund expands and the resultant supply-demand burden on the foreign exchange market intensifies, a leading expert has called for the adoption of a foreign-currency financing mechanism through the issuance of foreign-currency bonds.

Lee Seung-ho, Senior Research Fellow at the Korea Capital Market Institute (KCMI), emphasized at a policy forum on "Diversification of Foreign-Currency Financing for Overseas Investment by Public Pension Funds," held on the 26th at the National Assembly Members' Office Building, that "because the current National Pension Act does not permit fund financing through bond issuance, it is necessary to establish a legal basis for the issuance of foreign-currency bonds."

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