SEOUL, Nov. 3 (Korea Bizwire) — South Korea’s National Pension Service (NPS) has achieved its highest-ever investment return this year, buoyed by a record-breaking rally in the local stock market that sent its annual yield soaring above 20 percent as of the end of October, according to industry sources. The fund’s assets under management have surpassed [...]
SEOUL, Oct. 12 (Korea Bizwire) — South Korea’s state pension fund has been found to have invested a large sum of money in the so-called “sin stocks” that include liquor, tobacco and gambling businesses, data showed Tuesday. Rep. Nam In-soon of the Democratic Party referred to an National Pension Service (NPS) report that around 5.29 [...]
SEOUL, Jan. 19 (Korea Bizwire) — South Korea’s state pension fund lowered its exposure to large cap and other domestic shares in 2021 in an apparent bid to boost returns and diversify its portfolio, a corporate tracker said Wednesday. The National Pension Service (NPS) held stakes of 5 percent or more in 265 companies listed [...]
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, Oct. 27 (Korea Bizwire) — South Korea’s National Pension Service (NPS) decided Tuesday to oppose LG Chem Ltd.’s plan to spin off its battery business at a shareholders’ meeting later this week. In September, LG Chem, the country’s leading chemical company, announced a plan to separate the battery business to better cope with growing [...]
SEOUL, Sept. 25 (Korea Bizwire) — South Korea’s state pension fund will invest US$300 million in an Australian infrastructure fund as it seeks diversification and profitability in its portfolios, a person familiar with the matter said Friday. The National Pension Service (NPS) will join AXA General Insurance, Allianz and APG, the largest pension provider in [...]
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. 2 (Korea Bizwire) — South Korea’s national pension could run out of money by 2056 or 2057 if current financial conditions continue, three to four years earlier than previously projected by the government, official sources said Thursday. The government conducts reviews on the financial soundness of the National Pension Service (NPS) every five [...]