Pension fund key to success of market reforms

FSS' Lee cited the assessment of market participants that increasing domestic investments by Japan’s public pension fund had contributed to the success of its market reforms. — Reuters

SEOUL: South Korea’s market watchdog is stressing the role of the public pension fund to ensure the success of ongoing capital market reforms, as the fund which has been aggressively raising overseas investments pledges to look at domestic opportunities.

“The responsible role of pension funds and asset-management firms as long-term investors is paramount to expand the base of investments in the capital market,” Lee Bok-hyun, governor of the Financial Supervisory Service (FSS), said yesterday.