Korea Pension Funds Shift to Net Buying for First Time This Year

South Korean pension funds recorded net purchases of 68.4 billion won in July, ending six months of selling. SK Hynix led inflows with 425.8 billion won.

Woofun AI data shows that South Korean pension funds, including the National Pension Service, executed net buys totaling 68.4 billion won ($46.8 million) in KOSPI stocks during July. This activity marks the first monthly net purchase position for these funds in 2024, reversing a six-month trend of net selling. SK Hynix emerged as the primary beneficiary, attracting 425.8 billion won in net purchases from pension funds since the start of July.