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Photo courtesy of Yonhap News |
[Alpha Biz= Kim Jisun] South Korea’s National Pension Service (NPS) actively adjusted its domestic equity portfolio toward the end of last year, aggressively acquiring new stakes and increasing holdings, particularly in semiconductor materials, parts, and equipment (MPE) companies.
According to disclosures filed with the Financial Supervisory Service’s electronic disclosure system on January 4, the NPS reported a total of 105 changes in large shareholdings across KOSPI- and KOSDAQ-listed companies on January 2, the first trading day of the year. Of these, 45 cases involved either newly acquired stakes or increased ownership. Under the Capital Markets Act, institutional investors are required to disclose when their stake in a company exceeds 5% or changes by 1 percentage point or more.
The disclosures show that the NPS newly acquired stakes in several companies across the semiconductor value chain. These include Hanwha Materials (5.01%), Korea Circuit (5.05%), KC Co. (5.00%), Techwing (4.06%), VM Inc. (5.05%), Doosan Tesna (5.15%), and Haesung DS (7.19%).
The move is widely interpreted as a strategic response to expectations of a global semiconductor “supercycle,” which has improved earnings visibility for Korean semiconductor MPE companies and prompted the NPS to increase its exposure to the sector.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
