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Korea's pension fund buys financials, carmakers in H1
SEOUL, June 29 (Yonhap) -- South Korea's national pension fund increased its equity holdings in carmakers and financial firms in the first half of 2013, and maintained its shares in technology firms, data showed Monday.

   The National Pension Service (NPS), the top local institutional investor, claimed 6.99 percent of shares on top carmaker Hyundai Motor Co. as of end-June, up 1.04 percentage points from end-December, the institution's data showed.

   The NPS also expanded its share holding in Hyundai Wia, a local auto parts maker, to 8.09 percent over the six-month period, up 3.05 percentage points from the 5.04 percent tallied at end-2013.

   The pension operator also held a 8.24 percent stake in KB Financial Group Inc., South Korea's No. 2 banking group, at end-June, up 2.12 percentage points from the 6.12 percent tallied six months earlier.

   The NPS saw its share holdings in Woori Financial Holdings Co. and Samsung Securities Co. expand by 1.97 percentage points and 1.11 percentage points, respectively, to 6.01 percent and 8.24 percent.

   The pension operator, however, maintained its 7 percent stake in Samsung Electronics Co., the world's top smartphone maker, over the cited period.

   The institution added it plans to inject 57.5 trillion won (US$51.8 billion) into purchasing stocks and bonds through 2014, and expand its portion of equity-related assets to 30 percent by 2018, compared to the 26.7 percent tallied at end-2012.

   The NPS is the fourth-largest pension operator in the world, holding 391.9 trillion won in assets under its management as of 2012.

   colin@yna.co.kr
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