SEOUL, Jan. 29 (Korea Bizwire) – South Korea plans to encourage more active investment by its public funds, which collectively manage an estimated 1,400 trillion won (US$981.5 billion), in the country’s secondary KOSDAQ stock market, the budget ministry said Thursday. A total of 67 public funds managed a combined 1,222 trillion won as of 2024, according to the ministry. The figure is expected to have reached 1,400 trillion won as of last year. As of 2024, public fund investment in the KOSDAQ totaled 5.8 trillion won, accounting for just 3.7 percent of their total domestic equity investments, according to the ministry. It marks the first time the government has announced a basic framework for managing public funds, built around four core principles: stability, liquidity, profitability and public interest.