Retail investors not to blame as NPS drives bigger dollar demand

SEOUL, November 30 (AJP) - Growing attention has been placed on Korean retail investors pouring money into U.S. stocks, with some blaming their buying streak for the recent jump in the exchange rate. New data, however, show that the National Pension Service has been buying far more overseas equities, reinforcing the view that individual investors are not the main driver of the won's weakness. According to Bank of Korea figures released on November 30, overseas equity purchases

November 30, 2025