Korea Pension Confronts Sell America Vibe With Foreign Bet Boost
South Korea's largest pension fund plans to buy more foreign stocks, just as a 'sell America' trend fueled by the Trump administration's tariff agenda begins to take hold.
The National Pension Service, which manages about 1,213 trillion won ($884 billion), set its 2026 overseas stock allocation target at 38.9%, up from 35.9% this year, according to a statement Thursday from the Ministry of Health and Welfare. The higher allocation equates to about $26.5 billion more of the NPS's current pot, according to Bloomberg calculations.
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