SEOUL, Jan. 18 (Korea Bizwire) — The National Pension Service (NPS), a significant player in the domestic capital market, has been found to have invested most heavily in the IT and electronics sectors over the past year. While the number of companies where the NPS owns more than 5% of shares has decreased, there has been an [...]
SEOUL, April 9 (Korea Bizwire) — South Korea’s top institutional investor National Pension Service (NPS) said Friday it will raise the ceiling for the portion of its “strategic” investment in local stocks, a move to help ease the fund’s selling spree to meet its stockholding target. Under the latest decision, the ceiling for the share [...]
SEOUL, Jan. 27 (Korea Bizwire) — South Korea’s national pension fund earned nearly 58 trillion won (US$52.6 billion) from stock investments in 2020 thanks to the bullish stock market, data showed Wednesday. As of Friday, the National Pension Service (NPS) held 181.3 trillion won worth of shares in 275 companies, of which it owns 5 [...]
SEOUL, Dec. 27 (Korea Bizwire) — South Korea on Friday approved proposed guidelines for shareholder activism by the country’s largest state pension fund, paving the way for the fund to press companies it holds stakes in to dismiss board members over breach of trust and other illegal activities. “The guidelines are part of efforts to [...]
SEOUL, Oct. 13 (Korea Bizwire) — South Korea’s national pension fund saw the value of its stock holdings in 10 major conglomerates increase more than 16 percent in the first nine months, driven by gains in Samsung, Hyundai and SK affiliates, a market tracker said Sunday. The total value of stocks in the top 10 [...]
SEOUL, Aug. 9 (Korea Bizwire) — More South Koreans aged over 60 are voluntarily subscribing to the state pension in a bid to better provide for their future years, data showed Friday. The number of “voluntary and continuous subscribers” to the pension plan came to 483,326 as of the end of April this year, up [...]
SEOUL, May 29 (Korea Bizwire) — South Korea’s state pension operator cut the number of listed firms in which it has a stake of 5 percent or more in the first quarter of the year in an apparent bid to boost its investment returns, a corporate tracker said Wednesday. The National Pension Service (NPS) owned [...]
SEOUL, May 24 (Korea Bizwire) — At 62, Kim Byung-jong reached public pension age last month. Instead of automatically taking the state pension, Kim, a retired car salesman, asked the National Pension Service (NPS), the operator of South Korea’s state pension fund, to defer his pension for five years. The reason? Delaying his pension will [...]
SEOUL, Feb. 1 (Korea Bizwire) — South Korea’s state pension operator has decided to exercise its shareholders’ rights over Hanjin KAL, the holding firm of national flag carrier Korean Air Lines Co., the welfare ministry said Friday. The National Pension Service (NPS) made the decision in the state fund’s management committee, led by Health and [...]
SEOUL, Sept. 14 (Korea Bizwire) — The corporate value of more than 6 out of 10 firms in which South Korea’s state pension operator invests has risen since its introduction of the so-called stewardship code in late July, a report said Friday. The National Pension Service (NPS) adopted the stewardship code on July 30, which [...]