Korea pension fund NPS emerges as Samsung Electronics’ largest institutional shareholder with 7.43% stake

August 22, 2013 Leave a comment

NPS emerges as Samsung Electronics’ largest institutional shareholder

Sohn Il-sun

2013.08.21

National Pension Service (NPS) became the largest institutional shareholder in Samsung Electronics exceeding Samsung Life Insurance in the first half of this year, while Lee Kun-hee, chairman of Samsung Electronics, still controls the company as the largest shareholder with a 17.67 percent stake, according to Samsung Electronics’ half-year report submitted to the Financial Supervisory Service on Wednesday. As of end-June, NPS held a 7.43 percent stake in Samsung Electronics, up by 0.24 percentage point, from 7.19 percent from the end of last year, the report showed. Industry sources note NPS seems to have increased its stake by buying more stocks since May, when the price of Samsung Electronics began to decline. In contrast, Samsung Life Insurance’s stake in Samsung Electronics stood at 7.21 percent. An NPS official said asset management companies commissioned by NPS bought Samsung Electronics shares additionally, leading to an increased NPS stake, but there is no specific intention. Attention is being paid to whether NPS will use its voting right that could affect the company’s management.

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Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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