NPS emerges as major shareholder for Samsung; The National Pension Service (NPS) owns over 5% of shares in more than half of 55 firms among South Korean top 10 conglomerates’ affiliates

March 24, 2014 Leave a comment

NPS emerges as major shareholder for Samsung

2014.03.18 15:20:08

The National Pension Service (NPS) owns over five percent of shares in more than half of 55 firms among South Korean top 10 conglomerates’ affiliates. 
The number of listed firms in which the NPS holds over five percent or above stakes was 267 or 14.6 percent of the total of 1,832, according to the online business data provider Chaebol. Com Tuesday.
The NPS held over 10 percent in 39 respective listed firms and from five percent and above to less than 10 percent in the remaining firms.
The number of top 10 conglomerates’ affiliates (excluding state-owned companies) in which the NPS owns five percent or above stakes was 55, representing 58.8 percent of the total of 94.
Among them, the NPS owned over 10 percent of stakes in 11 respective firms.
LG International, SKC, Samsung C&T, LG Hausys, Lotte Foods, LG Innotek, Hyundai Engineering & Construction, Cheil Industries, Cheil Worldwide, Lotte Chinsung Beverage and Hyundai Wia are among affiliates that the NPS holds over 10 percent stakes.
Among top 10 conglomerates, Samsung Group had the highest number of affiliates in which the NPS has over five percent stakes.
Among 17 affiliates of Samsung Group, the number of Samsung affiliates in which the NPS has over five percent stakes was 14.

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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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