Korea’s Pension Fund Raises Domestic Stock Target as Kospi Soars

South Korea’s giant pension fund sharply ramped up its allocation target for domestic equities, a move that may help it avoid forced sales of Kospi shares after the recent rally pushed its holdings above the limit.

The National Pension Service, which managed about 1,610.4 trillion won ($1.07 trillion) in assets as of February 2026, lifted its domestic equity target for the year-end to 20.8% from a 14.9% goal announced as recently as January, according to a statement by the Health Ministry on Thursday after a meeting of the fund’s management committee. The fund, among the world’s largest pensions, cut ...