181 trillion won evaporated from the National Pension Fund? What will the impact on stock prices be? (Park Jong-hoon's Knowledge Punch)

The video discusses reports that the National Pension Fund fell by 181 trillion won, from 1865 trillion won to 1684 trillion won, in July (month 7), and says that this was a decline in unrealized gains, not, strictly speaking, a realized loss. However, it argues that when stock prices rose, the government boasted about unrealized gains as though they were actual performance results, giving the media grounds to describe the money as having evaporated. It reports that 181 trillion won is 2.6 times Hyundai Motor's market capitalization and equivalent to 3 years of pension benefit payments, with domestic stocks down 124 trillion won and foreign stocks down 37 trillion won, among other declines, while the fund remained up 226 trillion won from the beginning of the year. It explains that after the deferral of rebalancing on January (month 1) 26 broke the 14.4% allocation rule, the domestic stock allocation rose to 29.1% by the end of June (month 6), increasing monthly fluctuations into the 180 trillion won range. It says actual net selling remained minimal even after the July (month 7) announcement of rebalancing, contrasting this with Japan's GPIF. It points out that as money concentrated in stocks, domestic bond holdings fell 106 trillion won short of their target, the yield on bonds with a 10 year maturity rose from 2.6% to 4.4%, and production, consumption, and capital investment all declined in August (month 8). Comparing the fund's concentration in Samsung and SK hynix and the dependence on corporate taxes and exports with Finland in the Nokia era, it calls for restoring the principle of diversification. All directional outlooks are the speaker's conditional judgments, not definitive predictions of short-term prices.