National Pension's Foreign-Currency Bond Issuance Emerges as a Key Issue
- #국민연금법
The most prominent issue in the welfare sector is expected to be the National Pension. The Ministry of Health and Welfare regards the National Pension's large-scale overseas investments as one of the principal drivers of the rising won–dollar exchange rate, and is currently reviewing the issuance of foreign-currency bonds. The underlying rationale is to procure overseas investment funds directly in foreign markets, thereby reducing domestic demand for dollar purchases and alleviating exchange-rate volatility.
However, some experts consider the issuance of foreign-currency bonds to be hazardous. The Pension Future Forum issued a statement on the 9th, warning that if the National Pension is used as a shield to cover the government's policy failures, public confidence in the pension system could collapse to a level from which recovery would be extremely difficult. President Lee is expected to review the potential adverse effects of foreign-currency bond issuance.
https://www.newspim.com/news/view/20251215000882
