Korea National Pension Service Rebalancing: As the KOSPI Falls 7.57% to 5,554, the Mistake Was the May Target Raise to 20.8%, Not the January Deferral
The KOSPI fell 7.57% on Oct 15. Had Korea’s NPS kept its 19.9% cap, its deferral gained KRW 15.7tn to May, then lost 51.3tn. Why the May 20.8% target erred.