SEOUL, Mar. 14 (Korea Bizwire) — A panel of South Korea’s state pension fund on Thursday sided with Hyundai Motor Co. and its auto parts affiliate Hyundai Mobis Co.’s proposals on dividends and appointments for board members, dealing a blow to hedge fund Elliott Management. The decision is likely to help Hyundai Motor and its [...]
SEOUL, Jul. 19 (Korea Bizwire) — South Korea’s national pension fund has raised its holdings of stocks in Samsung Electronics Co. and SK hynix Inc. apparently to capitalize on the global semiconductor industry boom, market data showed Wednesday. The National Pension Fund held 85.4 trillion won (US$75.8 billion) worth of stocks in 100 companies in [...]
SEOUL, Jun. 15 (Korea Bizwire) — The number of national pension fund subscribers will begin falling in 2019 after peaking next year due to the declining economically active population, a report said Wednesday. The figure is expected to rise to 21.89 million this year and 21.93 million in 2018 from 21.83 million in 2016 before [...]
SEOUL, Aug. 26 (Korea Bizwire) – Korean financial regulators will set up guidelines allowing brokerage firms in Korea, including branches of foreign companies, to sell overseas financial products like foreign bonds to local institutional investors together with foreign partners. The Financial Supervisory Service announced on August 25 that it had prepared such guidelines, and will make [...]
SEOUL, Dec 14 (Korea Bizwire) – The National Pension Service will bring up the share of overseas investment in total to 25 percent from the current level of 20 percent within five years from now. It will also come up with a more structured foreign currency risk management scheme including setting of appropriate forex hedge ratios in [...]