Pension fund to be input earlier into the stock market

Financial authorities are determined to act aggressively against a volatile stock market, by pouring state pension funds, earlier than planned, into the market in order to stave off free-falling stock prices and sooth jittery investors.

W9 trillion has been earmarked by the government as investment money for this year, but the government plans to increase the volume and advance the timing of investment.

Despite mounting pessimism about the economy, financial officials say the Korean economy is in ‘not that serious condition,’ expecting a steady economic growth and employment expansion this year.