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Photo = Yonhap news |
[Alpha Biz= Kim Jisun] Seoul, South Korea — July 9, 2025 — Hyundai Department Store Co., Ltd. announced in a regulatory filing that U.S.-based asset management firm Kopernik Global Investors, LLC has reduced its stake in the company from 6.53% to 5.53%.
According to the disclosure, Kopernik held 1,477,226 common shares (6.53% ownership) as of June 13, but had decreased its holdings to 1,250,298 shares (5.53%) as of July 1. The reduction amounts to 226,928 shares.
Based on Hyundai Department Store’s closing share price on July 9, the market value of the divested shares is approximately KRW 17.7 billion (USD 12.8 million).
The disposed shares are voting common stock and were sold through on-market transactions. Kopernik stated that the sales were made for "investment purposes only."
Despite the reduction, Kopernik remains Hyundai Department Store’s third-largest shareholder, following Hyundai GF Holdings and the National Pension Service of Korea.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
