00:03korea's top story today isn't just an insurance story it's a signal about where big money is
00:08flowing korea's four major life insurers added 14 trillion won in government bond holdings this
00:14year their combined bond balance hit 151.3 trillion won as of end june up from a year earlier their
00:23stock holdings also grew rising 140.3 trillion won over the same 12-month span separately samsung
00:32is set to unveil its humanoid robot at ces next year and the one hit a fresh yearly low against
00:38the
00:38dollar it's tuesday september 8th let's get into one of korea's top economic stories today the big four
00:46life insurers are shifting more of their massive portfolios toward government debt that shift comes
00:51as equity markets also delivered strong gains for these same insurers here's what the numbers show
00:5814 trillion won is how much the big four life insurers added to their government bond holdings
01:03this year their total bond balance reached 151.3 trillion won at the end of june up from the prior
01:11year their combined equity holdings rose 140.3 trillion won over the past 12 months reflecting
01:19the market rally separately the won's exchange rate touched a fresh yearly low against the dollar
01:25according to today's front page the national pension service also confirmed it is suspending its
01:31currency hedging on that same news samsung meanwhile confirmed its first humanoid robot will debut at ces
01:38next year so what does this mean for global readers tracking korea's economy earlier we said insurers are
01:46moving more money into government bonds while their stock holdings also grew here's what that actually
01:51means for you korea's largest institutional investors are building bigger buffers even during a rally which
01:59points to caution beneath a strong headline market that caution paired with a weakening won and a pension
02:05fund stepping back from currency hedging suggests korea's biggest money managers see more volatility ahead
02:11not less three things to watch first whether the wands slide against the dollar continues or stabilizes
02:19this week second how the national pension services hedging suspension affects its returns going forward
02:26third whether other major institutional investors follow the big four insurers shift toward government
02:32bonds that's today's ai prism front page daily this episode was produced with ai assistance based on
02:40seoul economic daily reporting and reviewed by a human editor ai prism is a juan ifra award-winning series
02:48we'll be back tomorrow
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