Korea’s stock market has suffered a devastating reversal, plunging from record highs above 9,300 to the mid-5,000s in just four months. KOSPI's successive crashes, including a 7.57 percent plunge on Oct. 15, following a 5.46 percent decline on Oct. 13, have inflicted enormous losses on investors and shaken confidence in the market, despite a slight rebound on Oct. 16. However, as countless households watch their savings evaporate, President Lee Jae Myung's administration has failed to provide convincing answers about policy decisions that may have aggravated the turmoil. The most troubling questions concern the National Pension Service (NPS), the country’s largest institutional investor, and the government’s apparent willingness to subordinate investment discipline to political priorities. The NPS exists to safeguard the retirement security of millions of Koreans. Its overriding responsibility is to manage contributions prudently, balancing returns against risk to ensure the fund can meet its long-term obligations. It is not a government instrument for propping up stock prices,