south korea\s pension fund ups stake in key samsung unit
Last Updated : GMT 04:43:00
Arab Today, arab today
Arab Today, arab today

South Korea\'s pension fund ups stake in key Samsung unit

Arab Today, arab today

Arab Today, arab today South Korea\'s pension fund ups stake in key Samsung unit

Seoul - Yonhap

South Korea\'s pension fund has increased its stake in a key Samsung affiliate on the back of eased disclosure rules, expanding its clout in the country\'s most influential business empire, data showed Thursday. The National Pension Service (NPS) has expanded its holdings in Samsung C&T Corp., the trading arm of Korea\'s No. 1 conglomerate Samsung Group, to 11.30 percent as of Wednesday from 9.90 percent a month earlier, according to the Financial Supervisory Service (FSS). It now trails Samsung SDI Co., the controlling shareholder of Samsung C&T, by only a 2.78 percentage point difference in the stake. Samsung C&T is considered one of the main affiliates closely linked with the future ownership structure of the family-run firm. It owns an 18.3 percent stake in unlisted Samsung SDS Co. and a 1.5 percent stake in Samsung Everland Inc. -- the two units that Lee Jae-yong, the vice chairman of Samsung Electronics Co., is expected to parlay into inheriting the group from his father Lee Kun-hee, South Korea\'s richest man. The senior Lee has maintained his control over the behemoth with a handful of stake in one of Samsung affiliates that own other units under its own wing, an archetype of cross-shareholding structure favored by Korean family-run conglomerates. The NPS has been aggressive in increasing its stake in big Korean companies, since local capital market rules were amended in late August to allow the pension fund a leeway with disclosing the changes in its equity holdings. The world\'s fourth-largest pension fund had had to reveal details each time any changes were made in the holdings in a company in which it owned at least a 10 percent stake. Since late August, the rule has been eased for the NPS to post the changes within the first 10 days of the next quarter from the day of the purchase or sale. The pension fund recently said in a regulatory filing that it owns stakes in 26 Korean companies that are subject to the \"10 percent rule,\" FSS data showed. The NPS became the largest shareholder of Samsung Electronics in the first half of this year after increasing its stake by 0.24 percentage point to 7.43 percent.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

south korea\s pension fund ups stake in key samsung unit south korea\s pension fund ups stake in key samsung unit

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

south korea\s pension fund ups stake in key samsung unit south korea\s pension fund ups stake in key samsung unit

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Japanese regulators raid Airbnb

GMT 00:44 2017 Monday ,20 November

Japanese regulators raid Airbnb
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today Saudi, Bahrain target Iran

GMT 00:48 2017 Monday ,20 November

Saudi, Bahrain target Iran
Arab Today, arab today Europe turns on Facebook, Google

GMT 02:26 2017 Monday ,20 November

Europe turns on Facebook, Google
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Driverless, electric future just round

GMT 02:45 2017 Monday ,20 November

Driverless, electric future just round
Arab Today, arab today Tesla unveils its all-electric semi truck

GMT 02:59 2017 Saturday ,18 November

Tesla unveils its all-electric semi truck
Arab Today, arab today Mona Abdel Ghany increased artistic activities

GMT 12:15 2017 Friday ,17 November

Mona Abdel Ghany increased artistic activities
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 12:22 2017 Thursday ,16 November

Hanan Metawe denies apology for “Major Treason”

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 02:28 2017 Saturday ,18 November

Anti-drug operation nets 4 tonnes

GMT 01:34 2017 Friday ,17 November

Banyan Tree Phuket Takes Festive Season

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday