{"id":30670,"date":"2026-05-26T17:52:39","date_gmt":"2026-05-26T17:52:39","guid":{"rendered":"https:\/\/www.europesays.com\/korea\/30670\/"},"modified":"2026-05-26T17:52:39","modified_gmt":"2026-05-26T17:52:39","slug":"president-lee-calls-for-greater-competition-among-national-growth-fund-managers","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/korea\/30670\/","title":{"rendered":"President Lee Calls for Greater Competition Among National Growth Fund Managers"},"content":{"rendered":"<p><img alt=\"President Lee Jae-myung speaks at a Cabinet meeting that doubled as an emergency economic review session at Cheong Wa Dae on the 26th. Yonhap News - Seoul Economic Daily Politics News from South Korea\" title=\"President Lee Calls for Greater Competition Among National Growth Fund Managers\" fetchpriority=\"high\" width=\"1200\" height=\"675\" decoding=\"async\" data-nimg=\"1\" class=\"w-full h-auto rounded-sm\" style=\"color:transparent;object-fit:contain;object-position:center\" src=\"https:\/\/www.europesays.com\/korea\/wp-content\/uploads\/2026\/05\/rcv.YNA.20260526.PYH2026052605740001300_P1.jpg\"\/>President Lee Jae-myung speaks at a Cabinet meeting that doubled as an emergency economic review session at Cheong Wa Dae on the 26th. Yonhap News<\/p>\n<p class=\"mb-4 text-[var(--color-text)] leading-relaxed\">President Lee Jae-myung said Wednesday that competition among asset managers running the citizen-participation National Growth Fund must be intensified to improve its performance.<\/p>\n<p class=\"mb-4 text-[var(--color-text)] leading-relaxed\">Lee made the remarks after receiving a briefing from Financial Services Commission (FSC) Chairman Lee Eok-won during a Cabinet meeting and emergency economic review meeting held at the former presidential office in Cheong Wa Dae. &#8220;Korea&#8217;s economic structure is likely to shift toward an asset-centered one going forward,&#8221; Lee said. &#8220;The income gap is a problem, but the wealth gap is a bigger problem and will worsen further.&#8221;<\/p>\n<p class=\"mb-4 text-[var(--color-text)] leading-relaxed\">&#8220;How to narrow the gap in the asset sector is an important task,&#8221; he said. &#8220;In the stock market, those holding large blue-chip stocks have seen their assets rise 10-fold or 20-fold, while those without stocks are excluded. The gap widens sharply depending on whether one owns equity assets.&#8221; Lee also noted that &#8220;the National Growth Fund sold out despite priority allocation to ordinary citizens,&#8221; adding that &#8220;management must be handled well.&#8221;<\/p>\n<p class=\"mb-4 text-[var(--color-text)] leading-relaxed\">He then asked, &#8220;For example, are there specific ways to strengthen or boost returns \u2014 guaranteeing them might be going too far, but anyway?&#8221; When Chairman Lee responded that &#8220;the most important thing is ultimately to manage the funds well,&#8221; President Lee said, &#8220;We need to firmly promote competition (in management), through measures such as disclosing returns frequently to apply pressure.&#8221;<\/p>\n<p class=\"mb-4 text-[var(--color-text)] leading-relaxed\">&#8220;Messages have come to my social media accounts from people asking why they had no chance to subscribe,&#8221; Lee added. &#8220;It seems some who felt alienated from the stock market are looking to find opportunities here. I hope this will contribute to easing the wealth gap, even slightly, or at least slowing its widening.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"President Lee Jae-myung speaks at a Cabinet meeting that doubled as an emergency economic review session at Cheong&hellip;\n","protected":false},"author":2,"featured_media":30671,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[20045,20046,1037,31,341,20044,146,5595,33,18981],"class_list":["post-30670","post","type-post","status-publish","format-standard","has-post-thumbnail","category-south-korea","tag-asset-management-competition","tag-citizen-participation-fund","tag-financial-services-commission","tag-korea","tag-korea-stock-market","tag-lee-eok-won","tag-lee-jae-myung","tag-national-growth-fund","tag-south-korea","tag-wealth-gap"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/30670","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/comments?post=30670"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/30670\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media\/30671"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media?parent=30670"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/categories?post=30670"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/tags?post=30670"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}