Pension fund holds stakes in over 50 chaebol affiliates
By Korea HeraldPublished : March 18, 2014 - 20:46
South Korea’s state-run pension fund wields a large influence over the country’s major firms through its stockholdings, with stakes of over 5 percent in some 50 conglomerate affiliates, data showed Tuesday.
The National Pension Service, the country’s largest institutional investor, held a stake of over 5 percent in 55 affiliates of the country’s top 10 conglomerates, or chaebol, as of Friday, according to data compiled by Chaebul.com, which tracks the country’s large family-controlled business groups.
Of the tallied firms, the NPS held a stake of over 10 percent in 11 affiliates, including Samsung C&T Corp., Hyundai Engineering & Construction Co. and LG Innotek Co.
The NPS, the world’s fourth-largest pension fund, invested most heavily in Samsung Group, the country’s biggest conglomerate with Samsung Electronics, Samsung Heavy Industries and 15 other affiliates under its wing. (Yonhap)
The National Pension Service, the country’s largest institutional investor, held a stake of over 5 percent in 55 affiliates of the country’s top 10 conglomerates, or chaebol, as of Friday, according to data compiled by Chaebul.com, which tracks the country’s large family-controlled business groups.
Of the tallied firms, the NPS held a stake of over 10 percent in 11 affiliates, including Samsung C&T Corp., Hyundai Engineering & Construction Co. and LG Innotek Co.
The NPS, the world’s fourth-largest pension fund, invested most heavily in Samsung Group, the country’s biggest conglomerate with Samsung Electronics, Samsung Heavy Industries and 15 other affiliates under its wing. (Yonhap)
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