Pension service holds over 5% stake in 83 chaebol affiliates
Published : 2014-07-23 19:50
Updated : 2014-07-23 19:50
The National Pension Service holds more than a 5 percent share in firms affiliated with the nation’s top 30 conglomerates, data showed Wednesday.
South Korea’s state-run pension fund held such stakes in more than 83 conglomerate affiliates as of Monday that together were worth 55.15 trillion won ($53.88 billion), according to information compiled by local research firm CEO Score.
It holds stakes worth 20.63 trillion won in 13 Samsung Group affiliates.
The NPS holds over 10 percent in stakes in Samsung C&T Corp., Cheil Worldwide and Hotel Shilla.
The fund also owns 5 percent or more of eight Hyundai Motor Group affiliates, valued at some 10.73 trillion won.