Financial authorities Financial Services Commission Financial Supervisory Service Strategy and Finance Ministry
About 10 representative institutional investors, including the National Pension Service, the Korea Post, the Private School Pension, the Public Officials Pension, and the Land and Housing Corporation, held a meeting attended by Samsung Life Insurance in Nonghyup Bank’s insurance sector
At this meeting, the government asked the National Pension Service to purchase P-CBO, a guarantee bond of the Korea Credit Guarantee Fund
National pension money = money entrusted by the people to the country = funds for the people’s retirement
To overcome the Kim Jin-tae crisis, he asked to buy bonds with the national pension money
If you block bonds, it may look okay in a moment, but if this situation is not overcome, the financial crunch may worsen and the National Pension Service may become a insolvent institution
Why should Kim Jin-tae solve the cheap poop with the public’s retirement funds?
