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)
