Market
NPS ups stake in Samsung Electro-Mechanics, sells Kakao in Q4
Jan. 15, 2024
The National Pension Service, the world’s third-largest pension fund managing assets of around 1,000 trillion won ($757 billion), expanded its holdings in electronic parts manufacturer Samsung Electro-Mechanics, but dumped shares of IT giant Kakao in the September-December period of 2023. The fund owns a 5 percent or greater stake in each of 283 listed companies here as of Wednesday, according to market tracker FnGuide. The shares are valued at 133.83 trillion won, up 4.16 trillion won,