The consequences of compromised National Pension Service independence and the KOSPI.

I believe that our society can prevent side effects only when each domain and institution maintains the independence for which they were created and operates effectively within an organic relationship with other sectors.
The problem is that each sector has established principles to contribute to the social order, but various side effects occur because those principles are broken out of personal greed.
Especially in a democratic nation born from the cutting edge of modern civilization, those principles are social promises made by the progressive history of humanity that must be strictly upheld. However, the fact that groups of people still exist who are lost in self-delusion, stuck in the products of past history like feudal and primitive monarchical systems, seems to remain a social task we must solve.
Whether it was the previous Yoon administration, which attempted to collapse the order established by these social promises to maintain political power, or the current administration, which cries democracy outwardly while actually and subtly attempting to privatize various consensual social sectors, it is merely a matter of degree. When will the pursuit of private human greed end? Even if private greed is pursued, if it is done within the bounds of the norms established by social consensus over a long period, we call that legitimate competition.
In that sense, I believe the National Pension Service (NPS) also has principles and established manuals that must be followed in its investments.
We call these regulations "rebalancing investments."
Furthermore, I do not believe the NPS was created from the beginning as a state public fund for the sake of the stock market.
It is a savings-based fund that citizens have diligently accumulated through their blood and sweat to fundamentally guarantee the retirement lives of citizens who have finished their economic activities. As the scale of this fund grows, I believe investing in stocks or bonds is merely a secondary means for the efficient operation of the fund.
Why would pension investment experts establish rebalancing principles? I believe it is because they understand the ecosystem of the stock market too well. The stock market is a place where all manner of phenomena, human gambling psychology, and economic trends are intricately intertwined and operate.
The biggest mistake of this administration is that circumstances are emerging suggesting they attempted to intervene artificially in the stock market by mobilizing the NPS.
As a result, they have betrayed the rebalancing investment principles.
If the NPS had only followed the rebalancing principles, I believe it could have played a role in defending the index and rescuing the stock market when stock prices collapsed like they are now.
Recent reports in the media also mention the NPS's losses of hundreds of trillions of won.
Of course, some say it is just a loss of gains made up to this point and that it is not a major problem. I view this as a sophistry that knows one thing but is ignorant of another.
Then, when the pension loses over a hundred trillion won, who took those profits? And right now, countless citizens participating in the stock market are suffering the damage.
The biggest mistake and the limits of this administration's governing philosophy are being clearly revealed in the stock market. Situations are appearing that can only be understood as political maneuvers to raise the stock market index and claim it as an achievement of the administration. The NPS was merely used as a tool for that.
At this point, where I feel that the NPS—a public fund and the minimum social safety net for the retirement lives of citizens—has been relegated to a tool for a certain political group, I deeply feel the falsehood of this administration and the absence of a governing philosophy.
Regardless of political inclination, no matter which political force takes power, the fundamental principle should be to leave each social sector to contribute to society according to its own independence and original purpose. When power privatizes, subordinates, and turns sectors into tools, side effects will inevitably occur in our society.
Therefore, Laozi, one of the sages produced by humanity, left the following words:
"He who seeks to possess the world will lose everything; he who lets go will gain everything."
I do not believe the meaning of these words is merely a cliché, textbook revelation. I believe it is a part of a classic that awakens self-reflection regarding the harm caused to our lives by those in power.