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(Photo= Yonhap news) |
[Alpha Biz= Reporter Kim Sangjin] The National Pension Service (NPS) has reportedly reduced its investments in the top 10 South Korean conglomerates.
According to an analysis by Rebal.com of the NPS's domestic stock investment status, the proportion of the top 10 groups in the NPS's domestic equity assets decreased from 67.51% at the end of 2020 to 64.96% at the end of last year. The value of these holdings dropped from approximately 118.189 trillion won to 95.166 trillion won.
The largest decline was observed in Samsung. The NPS reduced its stake in Samsung Group from 38.7% to 33.05%, with a particularly significant reduction in Samsung Electronics, where the stake fell from 29.52% to 23.29%. As a result, the NPS's ownership in Samsung Electronics shrank from 10.69% to 7.28%.
Similarly, SK Group also experienced a decrease, with the NPS's stake dropping from 9.41% to 8.99% over the past three years. Other conglomerates such as Lotte Group saw a decline from 1.02% to 0.98%, GS Group from 0.5% to 0.43%, and Nonghyup Group from 0.18% to 0.13%.
However, the NPS's holdings in some companies increased due to new listings or rising stock prices. The stake in Hyundai Motor Group rose from 6.77% to 7.14%, although the stakes in its subsidiaries Hyundai Motor, Kia, and Hyundai Mobis each decreased by around 3 percentage points.
LG Group's stake increased from 7.32% to 7.8%, attributed to the listing of LG Energy Solution with a market capitalization of 110 trillion won. However, the NPS's holdings in seven of the eleven listed companies under LG—such as LG Display, LG Chem, and LG Electronics—declined.
For POSCO Group, the NPS's stake rose from 1.86% to 3.3%, but its stake in the core company POSCO Holdings decreased from 11.75% to 6.38%.
AlphaBIZ Kim SangJin(letyou@alphabiz.co.kr)
