NPS purchases shares in Korean firms

The National Pension Service, Korea’s largest institutional investor, said it had purchased shares of Korean companies in various sectors.

In multiple regulatory filings on Tuesday, the NPS said it had purchased a 5.02 percent stake in cable TV services provider CJ Hellovision, a 5.15 percent of trading company Hyundai Corp., a 9.71 percent of computer software-maker DuZonBIzon, a 5.01 percent of airliner Korean Air, a 5.06 percent of automobile tire maker Hankook Tire Worldwide, a 5.03 percent in construction component maker DY Power, and a 6.05 percent in alcoholic beverage manufacturer Hite Jinro, through stock purchases.

The institutional investor with 512.3 trillion won in assets also said it reduced its stock holdings in construction firm Doosan Heavy Industries from 7.09 percent to 5.03 percent.

It also sold off a 2.22 percent stake in textile and apparel company Fila Korea, leaving its stock holdings in Fila Korea at 10.45 percent.

By Kim Yoon-mi (yoonmi@heraldcorp.com)

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