<Anchor>

It turns out that domestic institutions have invested more money in the recently bankrupt US Silicon Valley Bank than originally expected. As of the end of last year, it was confirmed that the National Pension Service had invested 1 billion won, but unlike deposits, these investments are not protected.

Lim Tae-woo is a reporter.

<Reporter>

As of the end of last year, the National Pension Service had directly invested $400 million in Silicon Valley Bank Group stocks and entrusted $2 million in investments.

At that exchange rate, it was 300.7 billion won.

If we add the 300.1 billion won entrusted to bonds, it is close to 218 billion won.

Following the worst fund management loss of 171 trillion won last year, it is expected to be further detrimental.

Stocks are currently suspended and cannot be recovered, and while deposits are fully covered by the U.S. government, stocks and bonds for investment purposes are not protected.

It is expected that a third party will take over, or further measures by the U.S. government will determine whether to resume trading.

[National Pension Service official: Looking at the government's measures, it seems that when trading resumes, it will decide whether to sell or hold.]

Sovereign wealth funds Korea Investment Corporation and KIC were also found to have held 1,400 shares of bankrupt banks worth 80 billion won as of the end of last year.



Enlarge the image


The size of the bite investment may increase further.

KIC owns more than 9,<> shares of its bankrupt signature bank, after Silicon Valley Bank, and the National Pension Service reportedly invested in the bank.

If no company acquires a bankrupt bank, it will be difficult to recover the investment, and even if an acquired company appears, shareholder value is likely to be diluted by a later capital increase.

With risk management at both institutions on the chopping block, it seems that the focus should be on minimizing losses for now.

(Video Interview: Choi Woong, Video Editing: Choi Eun-jin)