16 percent rise in S.Korean pension fund stock| MENAFN.COM

Monday, 16 May 2022 07:17 GMT

16 percent rise in S.Korean pension fund stock


A South Korean market tracker said on Sunday that the stock value of the national pension fund in South Korea has increased over 16 percent in the starting 9 months of the year.

The total value of shares in the top 10 conglomerates accumulated USD63.9 billion at the end of September, increasing 16.4 percent from the end of the previous year.

The NPS stood at an average of 8.23 percent stake South Korea's top 10 family-controlled business groups, increasing 0.4 percents in the period.

The NPS had shares with a value of USD34 billion in listed affiliates of Samsung Group by the end September, increasing 22.6 percent from nine months ago. Its shares holding value in Hyundai Motor Group added 33.7 percent and for SK Group increasing 12.7 percent.


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.