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Photo = Yonhap news |
[Alpha Biz= Paul Lee] South Korea’s largest institutional investor, the National Pension Service (NPS), purchased shares of Naver and Emart while selling off holdings in Jeju Air and Jin Air during the first quarter of this year.
These investments were classified as "ordinary investments," and any changes of over 1 percentage point in stakeholding are disclosed at the beginning of the following quarter.
According to the Financial Supervisory Service's electronic disclosure system (DART) on Wednesday, NPS acquired 1,272,797 shares of Naver on March 13. This increased its total holdings to 14,638,337 shares, representing a 9.24% stake—up 1.01 percentage points from the 8.23% stake reported in March last year.
For Emart, NPS purchased 624,085 shares in two separate transactions on February 20 and March 7, bringing its total holdings to 3,414,318 shares. The stake increased from 10.01% at the end of last year to 12.25%, a rise of 2.24 percentage points.
Meanwhile, NPS reduced its holdings in Jeju Air and Jin Air. In February, it sold 829,647 shares of Jeju Air, bringing its total holdings down to 4,069,604 shares.
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
