SEOUL, Aug. 26 (Korea Bizwire) – South Korea’s state-run pension fund has suffered heavy valuation losses from its investment in two Samsung Group units over the past two months as the stocks have plunged after their merger plan was approved by shareholders last month, data showed Wednesday. The National Pension Service (NPS) — which holds [...]
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) [...]
“We expect that NPS — entrusted with the hard-earned capital of ordinary Koreans — will choose to make the proper financial decision to oppose these wholly unfair takeover proposals.” “The undeniable evidence of this outpouring of opposition is tens of millions of shares which have been confirmed as a vote against and/or provided as proxies [...]
SEOUL, July 10 (Korea Bizwire) – South Korea’s national pension fund operator on Friday decided its official stance on a merger between key subsidiaries of Samsung Group, the country’s leading family-controlled conglomerate, but won’t disclose what the stance is for the time being, officials said. But sources say that the operator decided to support the [...]
SEOUL, March 8 (Korea Bizwire) – South Korea’s weighty corporations will hold their shareholders meetings starting this week, where minority stake owners and the national pension fund operator are expected to gain a bigger voice, market watchers said Sunday. The assembly for shareholders began last month, but big-name companies, including Samsung Group and Hyundai Motor [...]
SEOUL, Oct. 13 (Korea Bizwire) – The National Pension Service is accelerating its investment overseas by establishing an office in Asia, either in Hong Kong or Singapore, by next year. Ahead of the relocation of its head office to Jeonju in the southwest, it is interpreted as a move to increase its presence in Asia. It will [...]