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Considerations concerning the depletion of the Nationwide Pension Fund have nearly disappeared with KOSPI’s historic breakthrough of the 5,000-point mark, President Lee Jae Myung mentioned on Jan. 23.
Lee made this assertion on the “Listening to Ulsan’s Coronary heart” city corridor assembly held on the Ulsan Exhibition Conference Middle.
“Yesterday, KOSPI broke by means of 5,000 factors, and everybody was celebrating and praising it,” Lee mentioned, including, “When Korean corporations are correctly evaluated, the wealth of all our residents will increase accordingly.”
He mentioned, “However, there are individuals asking what the rising inventory costs need to do with them, or individuals who invested in ‘inverse’ or ‘leveraged inverse’ merchandise and are fully falling into damage. That’s the way in which of the world,” whereas emphasizing that inventory index will increase are optimistic when it comes to growing nationwide wealth.
Specifically, he defined, “The Nationwide Pension holds company shares, and as (the worth of these company shares) elevated by about 250 trillion gained, it has develop into a state of affairs the place these of you right here might not want to fret about pension depletion.”
He continued, “There have been many considerations akin to ‘the Nationwide Pension shall be depleted in a number of years’ and ‘I paid into the pension however will die with out receiving it,’ however nearly all of these have disappeared.”
Lee additionally briefly talked about the martial legislation disaster. He mentioned, “(The prevalence of martial legislation) has already develop into one thing from the yr earlier than final,” including, “Even in actually harsh circumstances, normalcy was restored by means of the nice resilience of the individuals. Really nice residents.”
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