SEOUL, Feb. 14 (Korea Bizwire) – South Korea’s state pension fund is expected to receive over 1 trillion won (US$869 million) in stock dividends from the country’s top 30 conglomerates, sharply up 20 percent from last year’s tally, industry data showed Tuesday. Industry tracker CEO Score analyzed dividend payments planned by the conglomerates-affiliated 97 companies [...]
SEOUL, Feb. 7 (Korea Bizwire) – South Korea’s state pension fund plans to invest nearly 10 trillion won (US$8.8 billion) in top-cap Samsung Electronics and other domestic stocks this year, a senior official said Tuesday, sparking hopes it could help boost the local stock market. The planned investment would raise stock investments by the National [...]
SEOUL, Dec. 21 (Korea Bizwire) – Special prosecutors raided the state-run pension service Wednesday to investigate whether President Park Geun-hye and her confidant influenced its dubious support for the merger of Samsung Group’s two units last year. The team led by independent counsel Park Young-soo officially began its investigation into the influence-peddling scandal involving Park [...]
SEOUL, Aug. 11 (Korea Bizwire) – The number of female subscribers to South Korea’s state pension fund jumped remarkably in the past five years, data showed Thursday, indicating that more women are joining the workforce to guarantee they can financially support themselves in their later years. According to the data by the National Pension Service [...]
SEOUL, July 13 (Korea Bizwire) – The National Pension Service (NPS) announced on July 12 that it may file a damages suit against Daewoo Shipbuilding & Marine Engineering Co. (DSME), the country’s third-largest shipyard, due to its suspected accounting fraud. According to a prosecutorial investigation, DSME allegedly committed accounting fraud exceeding 5 trillion won ($4.36 billion) over [...]
SEOUL, April 8 (Korea Bizwire) – South Korea’s state pension fund will invest around 1 trillion won (US$866.7 million) in overseas hedge funds for the first time this year as part of its efforts to diversify its investment portfolios, the health ministry said Friday. The plan was submitted to a public pension fund operation committee, which [...]
SEOUL, July 19 (Yonhap) — South Korea’s national pension fund plans to make its first investment in overseas hedge funds next year as part of efforts to secure stable returns, an internal document from the fund showed Sunday. According to the 2016 asset allocation plan obtained by Yonhap News Agency, the National Pension Service (NPS) [...]
Seoul, July 9 (Korea Bizwire) – The Korea Corporate Governance Service (KCGS) has advised the National Pension Service (NPS) to oppose the merger between Samsung C&T and Cheil Industries. According to a statement released by the financial investment industry on July 8, the KCGS recently submitted a report suggesting that the NPS should oppose the proposed [...]
SEOUL, June 23 (Korea Bizwire) — South Korean institutional investors own more than 20 percent of Samsung C&T, which could serve as the swing vote on its high-stakes fight with a U.S. hedge fund over a controversial merger plan, market sources said Tuesday. The state-run National Pension Service (NPS), the biggest institutional investor in South Korea, and [...]
SEOUL, Nov. 20 (Korea Bizwire) — A merger between Samsung Heavy Industries and Samsung Engineering has been shelved due to opposition by institutional investors including the National Pension Service. As the big investors exercised their stock buyback rights, the companies saw their merger cost soar and decided to call it off. Some analysts suggested that this [...]