South Korea will ease the stock investment limit for the state postal service agency as part of a comprehensive strategy to help invigorate the slumped local stock market and strengthen the market’s role in providing corporate capital, the financial regulator said Wednesday.

Korea Post, one of the country’s biggest public funds, will be able to invest in securities with up to 20 percent of its deposited funds, up from the current limit of 10 percent, the Financial Services Commission said.

The agency had 105 trillion won ($94.6 billion) in assets as of 2013.

Local banks will also be allowed enlarge their stock investment to 100 percent of their capital from 60 percent, the FSC said.

In a related move, the FSC said it will develop a new industrial index of 30 blue-chip companies, a South Korean version of the U.S.-based Dow Jones Industrial Average.

The new KTOP 30 index will be composed of major companies that represent the country’s economic and industrial structure, taking into consideration their market capitalization, revenues, share prices and trading volume, according to the regulator. (Yonhap)