The National Pension Service (NPS) has increased its stakes in Kiwoom Securities and Samsung Securities this year.
Kim Minyoung
kimmy@alphabiz.co.kr | 2024-06-10 07:08:09
(Photo= Yonhap news)
[Alpha Biz= Reporter Kim Minyoung] The National Pension Service (NPS), a major player in the Korean stock market, has increased its stakes in Kiwoom Securities and Samsung Securities this year, while reducing its stake in HYBE amidst recent management disputes.
According to the Financial Supervisory Service's electronic disclosure system on the 10th, the NPS purchased an additional 21,674 shares of Kiwoom Securities on the 31st of the previous month, raising its stake from 11.27% to 11.35%.
Throughout this year, the NPS has been steadily increasing its holdings in Kiwoom Securities. In February, it acquired 79,267 shares, followed by 2,495 shares in March and 93,181 shares in April, accumulating a total of 196,617 shares over the past four months.
Kiwoom Securities is recognized as the first listed company in Korea to announce a "value-up disclosure." On the 28th of the previous month, Kiwoom Securities outlined a "three-year mid-term goal" aiming for a return on equity (ROE) of 15%, a shareholder return rate of 30%, and a price-to-book ratio (PBR) of at least 1.
Conversely, the NPS has reduced its holdings in HYBE. According to the Financial Supervisory Service's electronic disclosure system, the NPS sold 438,898 shares of HYBE on the 31st of the previous month, decreasing its stake from 7.63% to 6.57%.
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