[2020 National Audit] "Double-Digit Number of NPS Fund Management Executives Holding Personal Stocks"

[Asia Economy Reporter Cho Hyun-ui] It has been revealed that the number of employees at the National Pension Service Fund Management Headquarters who hold unreported stocks, despite a complete ban on stock trading, has reached double digits this year.

According to the personal stock trading inspection data of employees submitted by the National Pension Service to Choi Hye-young, a member of the National Assembly's Health and Welfare Committee from the Democratic Party of Korea, a total of 12 people were caught holding stocks without reporting them this year. The number of people caught in the past three years has steadily increased, with 7 in 2017, 5 in 2018, and 5 in 2019.

The National Pension Service prohibits employees involved in fund management from trading stocks to prevent them from gaining personal benefits by using the fund's investment information. Once a year, the stock trading details and stock ownership status of fund management employees (including spouses and minor children) are inspected.

Most of the violations were due to "failure to report stock ownership at the time of joining," which has been occurring continuously every year.

Rep. Choi emphasized, "The mere fact that employees responsible for fund management hold stocks can lead to various misunderstandings," and added, "The Service must urgently prepare measures to address the recurring issue of 'failure to report stock ownership at the time of joining' that occurs every year."

This content was produced with the assistance of AI translation services.